You’d be wise to talk to many lenders @Jackie Garcia and maintain a stable of lenders you can pick and choose from as your properties, and their lending criteria, fit.  

Worse than the down-sizing couple example is the highly-paid professional who can and often does own a home in the suburbs but maintains the city rental because the rent payment is next to nothing. 

Lot's of people facing delinquency can maintain amazing denial until the very end.

The right of the Property owners and their successors and assigns, and the contractors or other agents of each, to construct, install, use, maintain, alter, add to, repair, remove, replace, reinstall and reconstruct electrical, water, sanitary sewer, natural gas, telephone, drainage connections, cable television or any other type of utility line, cable pipeline, conduit or other transmission medium, and any and all other improvements reasonably related to utility purposes (“Utility Improvements”) in, over, under, through and across the Roadway.

However, I will say that I use to get reimbursed at my old W-2 job as an architect and because I had a fairly efficient car that was cheap to maintain, I definitely came out ahead in fuel and maintenance.

This also provided enough income for them to maintain, repair & rehab on their own dime.It has been a very profitable/successful strategy that has allowed many of them to eventually get conv. financing or we just sold it to them & held the mortgage note after some years of paying on-time.

But as we both know, you simply cannot print money and expect to maintain value. 

It is also hard to maintain a house in a bad area as the locals will recycle everything you have in the house quickly.  

If you did some internships at Goldman Sachs over the summer and thus have capital then an Ohio City duplex might be more to your liking.I'm house hacking my second duplex currently and it has been a great stepping stone for learning how to maintain a house and manage tenants.

(This is proposed in initial conversation with seller, same as proposed price.) ( I am assuming this is a balloon payment)I currently don't have money for the DP of 10-15% but I have enough cash reserves to acquire this and maintain my other properties.Property is in sellers market.