Nothing wrong with title but the C of O could be the thing.

With how litigious everything is today I’m not sure I’d enter into a subject to as a principal; for sure I wouldn’t do it as an intermediary where I’d be the first on sued, where a judge would look to me as the “professional” responsible, where even if my E and O insurance covered it my rates would go sky high, and where I’d have no standing to try to take corrective steps in the future to blunt any costly lawsuits.  

Interest rate, AM period, I/O, adjustable?

Hey @Tayo O. - Sounds like you have your plan in place and just need to keep taking the daily consistent action you are taking.

Ohio) has stable rental markets w/o the huge price fluctuations we have here on the west cost.

I am a 19 y/o working in the beauty industry making about $17 an hour atm.

Nothing of interest was there and this lot was upzoned during that time from duplex to T5-O, mixed use residential and commercial up to 5 stories.

Nothing of interest was there and this lot was upzoned during that time from duplex to T5-O, mixed use residential and commercial up to 5 stories.

Assume no repairs, total cash: $43,750 with closing costs.Rent: $1,495HOA: $285Insurance: $65Property Management: $100Maintenance/Repairs: $50Property Tax: $159NOI: $716/month --> $8,598 annualMortgage: $555Cash Flow w/o vacancy: $281/month --> $3,374 (7.7% Cash on Cash)Cash flow w 8% vacancy: $162/month --> $1,938 (4.4% Cash on Cash) Thoughts on this deal?

While there are minimum loan amounts and sponsorship eligibility (mainly NW, Liq, experience) requirements, if these are met, then Fannie & Freddie offers long term fixed rate loans (5,7,10,12,15,20 or even 30 year terms) with 30 year amortization and I/O periods.