That is your rule of thumb.Partnerships come in many different forms and can help you get your to your goals quicker than if you go at it alone.

That is a long-term goal but one that I hope that she and I can see happen one day.

Fortunately, a good financial decision can accelerate us to our financial freedom much faster. 

BP is a wealth of information, good luck with all your goals!

If my goal in posting here was simply about making money, why would I spend the time to answer forum questions on topics I have no chance of making money from?

My goal is one performing or reperforming note and one rental house in my portfolio by the end of the year.

Obviously I am on here to build a better financial future for myself and paying some one else rent is not a long term goal.  

At the end of the day, the bank's main goal is to offload that mortgage to a third party, either Fannie/Freddie or some other party.

The $510 decamps to $208 for the HELOC payment, $75 for lawn care/snow removal per month, and $227 monthly in owner paid utilities -quoted by the utility company- I plan to manage the property, but budgeted for management expense anyway- Furnace and roof were recently replaced- Loan terms are 3.75 with 3.125 points (included in the $7k closing costs above per the bank) - 30 year mortgage- My goal is to buy and hold with an eye on retirement, but of course I'd like to cash flow now. 

That limit would make it really hard to build a real estate income I could use as I eventually transition out of the corporate world which is My ultimate my goal.