We provide free medical coverage, free food, free housing, free cell phones, free internet, free clothing, free transportation, guaranteed employment for any/all who ask (salvation army), free furnishing of a home, free temporary housing, free shelters, free free free......

You'd probably have to provide a company car, insurance, E&O insurance, cell phone, and laptop/ tablet also.

Then in a year move out and buy another home with the equity you have built up in the home.Great thing about buying a 2-4 unit as a Primary is you only need 3.5% to 5% down which ever on you choose either FHA or Fannie Mae.

@Brannan Beasley The $429.18 is simply the principle and interest required to pay down any $5k debt @ 5.5% in 12 months.If you take the time to understand in detail how each 'system' actually works, how to maximize using each, and approach each with equal financial discipline, then the easy and honest answer is to use which ever one(s) has the lowest interest rate(s). 

I have a cellphone with unlimited 5g through AT&T.

As you're probably aware, AB 1482 caps annual rent increases at 5% + CPI or 10%, whichever is lower.

Once you’ve got that down and want to keep growing, you can start looking at out-of-state investments if they align with your goals.Best of luck with whichever direction you decide to take!

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).

My grandmother finally knows how to use the internet, she has a cell phone, and uses Facebook.

Or should I just not worry about that and go with whichever has the lower payment knowing my goals are to lower carrying costs and I'm going to pay off the principal when I sell.