JumpOff Campus (common site for students use to find off campus housing) has started going in and changing my listings to 4 BR (even though they’re six)Good news is that SHU has taken on their biggest freshman class ever and will they’ll need off campus housing.

Making sure things rent easy to long-term tenants and at least break-even during a downtime when travel might decrease to cover downside there.  

My biggest takeaway from it is the Mastermind Theory. 

I think we will use the money to buy the biggest lot I can buy and finance the building of a duplex or maybe a triplex, where my family can live and rent out the other 1 or 2 units to other families that will help us pay the duplex/triplex.

A lot of neighborhood banks can give you exactly what a HML would, but with far better rates and if you're looking to refinance, there is almost no downside.

You've cleared up my biggest questions though, and I appreciate it.

But the biggest cost I can see would be having to get a securities broker involved.

To be honest I don't see much of a downside here.

We are little by little paying off debt and saving everything we can to make this happen while actively looking at local properties.The biggest issue many investors run into is not calculating all the numbers correctly.

The biggest challenge with getting a non owner conventional loan is that lenders give you 75% of the actual monthly rental income when calculating dti.