Take that money and buy RE in other growing markets, stocks, bonds, index funds, high yield savings, or probably a combination of it all. 

Sometimes the I/O interest only option can lower the payment in a situation the rents or the common rents are low to help qualify.Most common DSCR ratio is a 1.00% where the rents are equal to the PITI or ITI.

Cost me 4 months rent before he was out.Consider - if they are that low on money that they are half a month late AND $150 short....they are not likely to catch back up.

I would guess just based off of the info given that your best bet for wealth building is to go low down payment in NC in a great area (Im down here, if you have any questions shoot me a dm) and hold the NJ property.

Just be aware, the cost of entry to the REI Guru business is very low.

We are in the process of flipping our primary home and have found costly repairs that are needed, and we simply cannot come up with the needed funds to pull us through when we list in September.

With a low-risk approach.Make your post over in the Commercial section. 

The beauty with the seller paid is that the money goes into an escrow account and if you refi or sell during the buy down period, the left over funds go towards the principle, so it’s not lost like if you were to buy down the rate with points and then sold/refi in the next few years.Hope that makes sense but let me know if there’s any other considerations or something I misunderstood and we can continue brainstorming!

House hacking means low cash upfront, while living-in loans have low down payments too.

How does seller financing work in regards to equity?
If I use seller financing to own a property, do I build equity even if I sell before the mortgage is paid off?
I am looking for more details on how seller financi...