This practice also frees up more money for lenders to use to fund additional mortgages.In "non-conforming loan" world, anything goes.

Additionally, the beach is still within reach...just a short 1 hour flight or 6 hour drive.  

Putting our cash flow at $1,525 on months with no additional expenses.

I love the dedication of not giving up and eventually received a second chance. truly remarkable.

Unless the borrower is self employed and takes a lot of expenses to show lower income on their returns then it usually makes sense to pay a couple thousand a year in higher interest (you can pay like 4,000 a year in additional interest for DSCR if you are saving 30+k on your tax bill kind of math lol)

You're also able to work with the utility company to install an additional meter.

Letting someone out of the lease is not the same as nullifying that the lease ever occurred; it is just an agreement that you won't go after any additional months of future rents that would otherwise be owed.

And the owner is very responsive to questions or issues (emailed him at night and received a reply within a few hours).  

Feel free to private message me with any additional questions.

I occasionally receive emails of off market properties in the Nashua area, I focus on the seacoast, I'd be happy to forward those to you.