If it doesn't and the market turns, then you win even more because you were able to cash out, cash flow, and now are in a great position to buy. 

Obviously, 4 months is far short of 1 year, so I can now be more confident in my position.  

But, on the flip side, with every payment to your first position mortgage you are decreasing the event of that happening as long as you equity add from your first position mortgage grows faster than the market drop.  

If the payroll is for the property manager, then yes, it's far too high and you generally just pay a fee and the management company pays the salary to their employees. 

I am not 100% positive about the Linear feet of countertops yet. the estimate is on 2- 10' mitered laminate countertops. 

Both rented and positive cash flow.Subject Property:  Traditional detached SF property in NJPurchase amt 410k10% down (don't have funds to do 20% unfortunately)While I am confident in my mtge guy, for prudent measure I wanted to check w/ the BP community to confirm the following..Freddie:  'My income is too high' (Can certainly give figures, but not sure how to break it down.. 2017 salary + bonus; Rental income, 2018 salary formally approved and documented, but not effective until July; and 2018 bonus (which I have received already)FNMA:  'To get a second FNMA mtge, I need to put down 20%' (which I would like to do, but cannot come up with an extra 41k)FHA:  'My only option' (with the 1.75% upfront PMI and monthly PMI for life of the loan). 

I know @Adam Schneider could help you.My experience has been the only private money guys that will consider being 2nd are those that are funding a very small portion of the costs (like 10-15K for rehab costs), but most are going to want to be in first position. 

The only consistent positive reviews I've heard from the likes of Zillow are from those who are spending 5 figures per MONTH.Better to work your sphere and do belly-to-belly marketing and networking. 

If we hear back, it’s either positive (we sign another 12 month lease) or negative (they inform us they want to leave). 

@Curtis Rouse, thank you very much for the positive feed back. 203k is something i have been thinking about. ive seen a few properties that only accept cash or 203k. definitely something to think about.