but let me know if i'm missing something That was the plan, and honestly my current mortgage is less than 1300/m so with the increase it is maybe double that, which I can deal with.

Our monthly mortgage payment would increase, but we would still break even.Both of our car loans have an interest rate of 4.5%.

I have the ability to put 25% down or more to increase cash flow.

True business man!

MOST businesses are honest !!

.: In CA it is a violation of CSLB business and professions code 7159(d)(5) to execute residential time and materials contracts.

Where I got into my first big learning curve was when I bought my 8 unit, both in the increase in number of tenants and because it was a fixer upper with inherited tenants that had also been neglected and mismanaged for years.

The only additional thing that needs to happen is make sure appraiser makes note of why the value increase in as is vs previous purchase price.

They have been historically reliable over the last few years but I am hearing some rumblings of reduced leverage, slight increase to rate, or some kind of minor tweak to DSCR lending with some programs.Happy to jump on a call if you have any questions or concerns.Good luck!

I've learned a lot on the managing side of the business, as well as the rehab side DIYing a lot of the work myself.