Now, if I take a reasonable valuation of about $1.1m (the slightly smaller, less nicely renovated house literally two houses over sold for about $1m a year or two ago) and throw that into a mortgage calculator with 20% down and comparable taxes/insurance, I get about $4,500/mth.

It's nice acquiring all kinds of information about real estate, but I have so many questions about my specific market.

Super nice guy and willing to take the time to talk one on one.

Hello everyone,My dad wants to give me his rental property, a pretty nice 3/1 in West Miami.

But I don't have more to offer other than nice working in expanding your business!

It would be nice to have some equity to capitalize on, but if the house is in the right neighborhood and the repairs are truly cosmetic, it could be a contender. 

I agree with Brian, if you want to be a good landlord and not just a slumlord ask yourself what is the number that gets yourself off the couch to get the property repaired and to keep it up nice so you get good renters and lower vacancy.

It would be nice to hear from some people who have some experience with one or both of these loans before deciding which loan to use.

But at the same time, there should be people who have a nice stable job, but low credit. 

Because it would be nice to access earnings before 60 if I want to, especially since I have control over my salary now can keep my payroll taxes from being unnecessarily high.