We would save roughly 3-500 per month by dropping the MIP, but then lose a few years of paying off the mortgage.Thanks in advance for reading and maybe giving some advice!

Having done 75 buy-sell deals 2003 thru 2010 and subsequently losing my entire portfolio 2008 thru 2013, I've been clawing my way back from a position of no cash whatsoever and remain deeply entrenched in the 'turnaround' via being a painting contractor, flipping the odd house here and there, and as an agent with Keller Williams (focused mostly on higher-end mountain properties).

Unless there is significant value appreciation that can be expected when you exit or you can negotiate a lower price, 3% on your money is just not worth the risks.Two ways to lose money in real estate:- Overpay for a crappy property- Overpay for an awesome propertyCheers...

It was my first go and I was afraid to invest big and not do anything but lose.

My thoughts are that since I have a low apr 3.25 on a primary, I will eventually rent it out to not lose this low interest rate.

Do you want cash flow each month(OOS), are you fine losing money each month hoping for appreciation(rent), or do you have systems or can you set up systems to make airBnB work(AirBnB)?

We are good people who work hard for what we have and have made some mistakes, but losing our house would leave us completely destitute.

That's a lot of money for them to lose!

Sitting on cash for a year is not the end of the world and is better than losing it!

She gets to move, I don't lose out on rent.But she don't want to let people in the house for that also.She has damaged the floors (last year) which is a $900 repair.