I can't have a re-inspection done yet, because the tenant is delinquent in her payments, so the only way to move forward, it seems, is to have her evicted now.

It's obviously better than owning without any offset to that mortgage payment. 

The car company is going to repossess the car if payments are not made.  

When I self managed from out of state, my son still lived near there so could run by to check it out if an emergency, and I had contractors who knew me well enough that they would enter on a contractor box left at the property if the tenant didn’t answer the door, then I’d send payment once done.

Counter argument:Paying off a house reduces risk by eliminating mortgage payments.

That was the ONLY way I could have survived back in the days of 18% interest rates.I bought homes using seller financing & had to rent every room to make the mortgage payment, cover the rehab & we split the utilities.

Partner brings caliptal/down payment (passive involvement) and I do the management (active REPS activity).

Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

This area is really in need of affordable housing, but with the large down payment requirement it rules out this option for many.

But she said her and her broker will not submit my offer because its too low (my initial down payment) as it wont cover her commission fees or something like that?