Another viable option is to get a cosignor you can boost the income and purchase price. 

There's ways you can boost your capital quickly (like flipping) but generally with the quicker timeline strategies there's more risk involved (and that's why a higher payout is projected as well). 

I understand paying off your primary residence early can create mental peace but thats all it does.

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Hi Jack - The best thing you can do is scale up to $70k-$100k and buy a four family with a basement via FHAThat would be ideal and create major cash flow and equity creation, plus you can not worry about a property manager and boost your yield.Please do keep in mind that although cash on cash returns may be paltry as a relative percentage, absolute dollars may be comparable.

I think that "never touching debt," mental philosophy was a strategy to grow equity in properties but times are different right now given the inflation and money you can recooperate back today through lower payments (a recast, IE the topic for this thread) or tax advantages through a huge cost segregation/bonus depreciation is much more valuable than money tomorrow.

Owner's life goes off the rails, ie drugs or mental illness.In business we call these the three D's. 

I recently put in my 2 weeks notice at a job that was absolutely horrible for my mental health, so after 2 weeks, I will no longer have a consistent income. 

My question is: Does it make sense to have a co-signer just on paper to boost the loan amount, and then offer him/her a small percentage of the rental income for the signature?

Some updates required outside to boost curb appeal.