So now I have been trying to pay it all off but my debt income ratio is 46 percent and I called lender and they said they can offer around 25k lol.

$1850 - (7% x $1850 = $129.50) - ($1130) - ($60) = $531.00 cash flow, but what about HOA fees, trash removal, sewer fees, vacancy percent, 8% to 10% for maintenance for a hew water heater, AC, furnace roof, painting, plumbing, drain & sewer repairs, cleaning & repairs when tenant moves. additional costs on top of the 7% management fees for showing the unit when it is vacant, advertising to rent, signing and re-signing leases and many more fees that management companies charge.

Everything costs more to you than a local person sometimes by 200 percent

Based on percent of down payment?

I would take the same proceeds and invest in 65-75 percent stock and the rest bonds, then let it ride.

The property was 29,900 with 25 percent down, 6 percent interest on a 10 year loan with a 5 year Balloon.

Based on this it does not hit the 1 percent rule but I feel like this is still a deal worth pursuing.

In North Idaho, we get hot temps for a max of 3 months a year so the unit is dormant most of the time and it never gets terribly hot. 97 was the hottest day so far this year with 30 percent humidity.

Would love to hear some of the Multi-Family passive investor's thoughts on Freddie Mac opinion on 4% rent growth for the rest of 2019?What market are you investing in?Do you think your market will benefit from the gro...

HELOC I thought the other ten percent came from a secondary LOAN