If you had 10 houses renting at 1400 worth 200k that "just" break even (of course have the reserves to cover bad months), you are building equity at $14,000 a month in the loan paydown, and you now have $500,000 in "free" equity that you have accumulated. (25% of $200k x 10).

So it's just another bill you have to look out for and remember to pay...doesn't come with the taxes, easy-to-overlook generic envelope, no autopay options, etc.So it's more like a debt to me and it was good to find out (and have confirmation) that we can pay it off....which is sounding better and better as I type....

it is hard enough to buy a house straight from the bank, through a realtor... you are telling me you control a house through xome, on an auction that didnt even meet reserve, and your all cash sale is assignable... joke.. 

Can you explain to me what your reserve requirements are?

Take away taxes, insurance, and reserves and your net is probably around $800/mo.

Keep a reserve and build it.

Some other monthly expenses that you might want to consider:  PO Box with post office and a domain name (if you reserve new email and/or google voice number connected to a G Suite account or something). 

Reserved an AirBnB about 60 days in advance.

I want to have reserves on hand before going into it instead of having just enough for a down payment and closing costs.

@David GambleFind a new mortgage broker be sure you got plenty of reserve money to show the banks