And of course, if your actual cash value is less than the current mortgage(s) on the property, all of the cash value payment will go to the lenders. 

The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect. 

See what down payment and reserves you need and make sure you have that in place or if not, you know what your goals are for 2025.

I have enough saved for FHA loan down payment on a duplex up to 500k. 

Make that rent payment out to you and pick up a roommate.

Let the cable company chase the tenant for payment of that service.Yes, require renters insurance. 

@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.

Why move and take on a bigger payment when you’re already locked into such a good deal?

@Andrew Lanoie I apologize for my remark.But our investment is 40 times the monthly payment.

Instead of a traditional down payment, I would give them some money (maybe just to bring the loan back to even).The upside if taken over the loan at the current balance, with some rehab and hopefully getting the front lot back would be a nice ROI.