Even if you're still paying for some of the expenses out of pocket, you've most likely drastically reduced your cost of living by eliminating most of if not all of your mortgage, property taxes, and/or insurance.

Can a private mortgage be structured to qualify as a standard mortgage, enabling the borrower to refinance it in the future?

The goal with this strategy is to have low living expenses as your tenants are helping you pay down your mortgage.

I have a huge personal mortgage (P,I,T,I) that currently takes up around anywhere from 25%-38% DTI depending on how you calculate gross income.

@Chris Diaz What is far more important is having a good team, meaning Realtor/Insurance Broker/Mortgage Broker/Contractor/Handymen/etc around you. 

I had no idea that buyers were purchasing these homes with subprime mortgages.

That part is normal for commercial mortgages; 5 year maturity is common, and 2019+5=2024 is why many are expecting offices to have a rough couple years.Net operating income (NOI) is net profit before the mortgage payment, and determines how big of a mortgage you can get. 

How much HHA pays will depend on a few factors like income, number of children, etc.Attend one of their online information sessions.

Hey All, I am purchasing a friends property in Cleveland, OH with a wraparound mortgage (my first time doing this) and I was wondering if anyone can refer a lawyer/title company that can assist with this please.

Or minimize your mortgage risk by buying one property for cash or little debt.