Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

A bit about my situation and motivation for getting into real estate investing...I have a full-time, high paying W2 job as a specialist physician that I generally enjoy but would like to  be able to supplement my income over the next 8-10 years if/when payments decline in medicine.

Does the revenue good enough at least to cover the mortgage payment?

Doing this would allow me to cut my down payments in half. 

The maximum fixed-rate period seems to be seven years, and there is generally a balloon payment at 10 or 15 years.

2) Are you pre-approved and have the down payment in your bank account?

I have enough saved for FHA loan down payment on a duplex up to 500k. 

@Tonya EnglishWithout a clear understanding of what this company does (or more accurately, does not do), the payment seems excessive compared to other services in the market."

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

This would be an opportunity to discuss deferred payments and a 5 year balloon.