Google search the city , populatIon, employers affordable housIng projects 2.

However, when looking for properties in downtown Austin near my work, my wife and I have been facing several challenges due to the high prices.We first wanted to buy a small multifamily home, but the prices for these would be beyond want we could afford month to month if the other unit(s) sat vacant.

I think he missed managed the original 15K that I gave him now the project is slow because we can’t really afford subs.

Little bit of thought has to go into these things up front.. and well I hate paying for this insurance but when you have 25 million of exposure  whats 110k really.. and of course this is why you have no affordable housing we just pack it into the sales price..  

If you are worth 1.4 million but the time to get to that point was 20 years as you had big equity gains from properties but your job or business itself does not afford much profit cash flow annually.

They never let it get to 90 days delinquent but its very frustrating

They never let it get to 90 days delinquent but its very frustrating.

Since I had very little money, the only thing I could afford in West Chicagoland were condos and townhomes. 

@Greg Davis - you have about $25K to $30K in equity to pull. that will afford you one SFH rental at $100K purchase price which will cash flow you $250 per month, give or take, your fees alone from a HELOC will be around $3K and then you have a monthly payment of $150 to $200, netting you $50 per month and so breakeven point would be 5 years.... maybe three at best. 3,000/50 = 60/12 = 5 years. 

The problem is that the house he lives in now needs a decent amount of work and he cannot afford the work and for him to refinance the work on the loan it would make it too expensive for him to live there.