If you buy a house in 2024 on a 30 year note, you've essentially locked your "rent" payment in for 30 years.

You will need to make sure rents are high enough to cover the new monthly payment on the refi.

Really, my biggest concerns are monthly payment and down payment.

I have found properties in the area that generate cash flow with a 30% down payment.

I've been warned that tenants can go months without paying rent and a situation like that would make it hard for me to keep up with payments.2) New Brunswick.

Thanks. where you getting the income to pay the mortgage payment if you buy a $4M property?

I don’t have enough for a down payment but i do have quite a bit of equity in my home. looking for some insight on how i can get a low down payment or should i use my equity, plus funds to fix property. 

I was ignored by the first mortgage company when requesting the initial payments for the architect/engineer and permits for a month, and then ignored by the second mortgage company for another month.

I had just received a 30k down payment from another owner financed deal and I wanted to get a “second home” and get some additional rental income.

Given your circumstances, the following advice and considerations apply:Benefit from low interest rates, no down payment required in most situations, and financing for up to four units when you take advantage of the VA loan.A thorough grasp of your budget should include the purchase price of the property as well as any possible maintenance expenses and other related expenses.