Now they don't want to sell because if they purchased a home at a sub 3% interest rate even if they were to buy the same priced home today it would cost them nearly twice as much in monthly payments.

Ask to see a copy of the lease and look for the length of lease, current rent amount, tenant obligations like paying for utilities and adhering to house rules and look for Landlord obligations like things the landlord may currently being paying for (like trash and water)Make sure to have an assignment of the lease and clear language on the security deposit WITH interest shall be transferred to the new owner at settlement.Consider tenant quality - what’s their payment history looked like, obtain rent receipts or bank statements from the seller to review on-time payment history.

With Apartments.com I can automate rent payments, have the security deposit paid, and have tenants upload their proof of renter’s insurance.Challenges of living with other roommates and renting by the room When living with roommates there are always challenges.

Sometimes we'll get payment history from the tenants, but that's rare.

If you Purchased for $800K put $400K down - looks like your at a 50% LTV if thats the case its a great time to pull out some of that initial capital and use it on another REI down payment!

If you really can’t afford the payments and don’t want to house hack you can wait until you’ve been there two years and sell.

(yes, this also describes me)* Investors who want to analyze prospective deals, quickly calculate mortgage payments and other expenses, etc.

Thinking about taking a little cash out, mixing it with personal savings and going after another property with a nice down payment as a hedge against market fluctuations. 

I'm planning on acquiring a HELOC on my primary residence to help me with the down payment/expenses of my first investment property. 

Moreover i believe First National admitted that although no law permits this practice (unjust enrichment) claimed that Daly had tacitly or otherwise consented by way of making payments on his mortgage for so many months.