Now my monthly payment is around $2150 and the house is rented for $2500 to another investor who is renting it by the bedroom.

Now my monthly payment is around $2150 and the house is rented for $2500 to another investor who is renting it by the bedroom.

One thing to consider is finding a down payment assistance program in your state/city.

If it's over 50 units there are companies that will pay for, install, own and operate the system and will pay you a lease payment.

You still need a 10% down payment. 

What are the thoughts on having my tenant pay $1,500 per month into my kids 529 (half the rent) and then pay the other $1,500 to me? They could use the tax break for gifting into someone's 529 and I wouldn't claim the...

What I have seen most Loan Officers do is split marketing costs, but you can't pay more since that could also be considered a kickback.I have also seen companies have realtor's get licensed as an MLO while they handle most of the transaction for them and pay them a cut since they will be the MLO and Realtor on the loan. 

You will need to spend some time finding the right deal in order to cover the purchase price and the renovations and still be able to refinance with a payment that the rent will afford. 

One project on the edge of “The Hill” area in Augusta which we did little cosmetic work to, sold quickly and above our expected price.

Like all income related to real estate sales, the payment is from broker to broker, and disseminated to the licensee under the terms of their independent contractor agreement.