At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.

At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.

We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.

The mortgage payment is $1,000 on each house, so you earn $500 per house or $2,000 monthly.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

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I'm looking to invest between $50k and $75k as the down payment. 

A $400-500K mortgage is not a trivial payment plus property taxes on top of running your own house. 

And offset the previous FHA loan payment showing that you're making the payments for it so it lowers his DTI.

Your son is responsible for making payments on time or ruining this seller's credit.