Right now, you have to be able to source off market properties or be willing to force cash flow with large down payments. 

Look how many died in the Great Recession which was nothing as severe.On the other hand, the debt-free ones will be in a much stronger and better position to survive (because they have no debt payments to make).  

I thinks what I’d prefer to do is use the BRRR method and have rental properties.

I used 7/1 arm provided by builder. its 5.25 with 30% down payment

Current landlord questionnaire - we send the current landlord a couple questions about on-time payments, cleanliness, eviction status, etc.2.

This is from the BP rental calculator and is exactly what I'm wanting to see, just with extra payments each month. 

Recently, management changed it so both loans can be made with one payment versus two separate transactions. 

Until the house goes through the foreclosure process, I am making monthly interest payments.

It's not that Stu has tried and failed with this asset class, but he is pointing out that you have very preliminary understanding of investment principles and should look to expand your knowledge before being accountable for OPM. the fact that you're confusing mortgage payments with T&I impound is indicative.

Its great that the seller is will to carry a note in a seller 2nd as well, that will help reduce your require monthly payment with the right lenders.