I've had full ride scholarships the whole way through and had passive income that paid for living expenses so I didn't have to use loans for school itself. instead, during undergrad, I used subsidized   (interest doesn't start accrue until 6 months after you graduate) loans at 3% to pay down the principal on a mortgage I had on my first rental property which was at 6%.

Hello all,I am thinking of putting my current rental on the market, the mortgage is on my name but I added my parents and sister on the deed.

The area is now zoned single family residential but this place is grandfathered in and can remain a quadplex but you can't get a mortgage on it.

Univest claims that the mortgage amount is too small for them.

One thing that gives me pause is bought in 2013 with $100,000 down and I have $300,000 left on my mortgage.

Here's an example of a mortgage and Cash Flow analysis results.  20% Down payment =  $9,600, Loan amount = $38,400,  4% APR/30 years,  $183 monthly payment

I would have all my docs. run by the attorney, plus have an escrow company for collecting rent and paying the existing mortgage (be sure r.e. taxes are included with that payment also) so it doesn't fall into foreclosure.

Does that mean that if I wanted to mortgage only the $100,000, the lender would still require me to put down 20%? 

I've found no fewer than 9 multi family dwellings that are ripe for the plucking but I'm so broke I can't afford a free phone call. by my estimates, these properties combined would net me $8,600 a month in revenue depending on mortgage payments. it is painfully frustrating to see these numbers and not have the knowledge to obtain the capitol to put them in my portfolio.

I'm ok with an ARM or 25-30 year mortgage.