The power of that interest rate is a game changer in today's market condition.Financial Flexibility: House Hacking's Cash Flow CushionAssuming an existing loan often leads to a lower monthly payment.

My apartment is identical to non-hotel-apartments in the same building, but was classified as a hotel apartment upon purchase by the owner.

It does state that is for non-payment.

I am unsure if they are a good investment, but I am leaning towards yes, I don't have anyone around me to ask so I decided to come here.House 1. rents for $825/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 2. rents for $600/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $50/m after mortgage payment are made. 

The current mortgage is still in my Grandmothers name and payments are up to date.

If you’re facing a situation of non-payment or late payment, start by communicating clearly with your tenant about the situation.

NY. 5 year draw, IO for 5 yrs and PI for 10 year repayment period.Red Canoe Credit Union, WA ORRegions- yes HELOC but no LOC River Bank & Trust, ALRivermark Credit Union, OR 90% LTVSCCU Florida 80% LTV, 2.75% first year promo, not LLC SECU NC 65% LTV rate 2.75% Oct 2021Signature Federal Credit Union 75% LTV (100% on primary residence), VASilvergate Bank, CASound CU "non-owner occupied HELOC, capped at $150K and interest rates are prime + 2%, 3% or 4%, based on credit, not to exceed 70% ltv.”

Once that amount is adjusted you'll have a loan payment updated based off of the rate and terms of the loan. 2) In you long-term expense estimates I don't see any assumptions for property management (7-10%), repairs/maintenance (7-10%), and vacancy (5%) so I would re-run your estimates based off of new expenses.

My dilemma is this: I would ideally like to wait until I have emergency cash reserves to cover 6 months of mortgage payments for all 3 properties.

I am currently only one payment behind (May 2024).