At the end of the 4 years I will have converted approximately $60-80k of housing allowance to approximately 25% equity on a 30-year note [minus taxes, repairs, incorporation expenses, etc].Then, the gray-area: I have some cash on hand, and zero debt.

what about not buying debt?

The client reduced a lot of his business debt and was happy to close given two banks he approached denied the loan.2.

Most lenders will allow 45% obligation ratio on GROSS income, so since I have no other debt my bank told me I could feasibly spend $3375/month on PITI payments.

Over the next two years I plan on using existing cash flows from my current portfolio to 1) continue the aggressive debt paydown on these two balloons and 2) purchase an additional 6 SFH or fewer multi-families totaling about $150,000 in total acquisition costs.The options I see are:1) current situation- continue paying off the two 6.625% mortgages over the next 28 months.

If your property is worth a lot more than the debt you have on it you are likely better served from a ROE standpoint to either refinance and deploy the cash elsewhere or exchange to a larger property.

I know of this killer DIY guide online, it will walk you through the termite identification, assessment and elimination process. here's the link:[REMOVED]

I think you lost me in all of your paragraphs.What are the following numbers:In Place Rent:Existing Debt Service:Existing Peripherals (Taxes, Insurance, Association,Maintenance, Utilities):Property Tax Rate:Also... when you say you "put a ton of money into it"...

My numbers included debt service.

She has given me permission to handle this debt.