Hey guys, Ive been loooing through the forums trying to find a discussion on this but I can't seem to find exactly what I'm looking for. Most of the examples and treads are to do more with duplexes and fourplexes. Bas...

I am about to receive my undergrad here in Texas and will have about 30K in student loan debt.

There are programs that look only at the cash flow on the property itself and ignore any other income/debts.

Purchase Price: $425,000Down payment: $100,000Financing: Seller financed, 5% interest, 30-year amortization, 10-year balloonAnnual rental income: $64,620; increases to $68,220 after the $20/mo. increaseTotal Annual Expenses: $48,200 Electric: $600 Maintenance $1,200Sewage: $2,000Insurance: $3,500Capex Reserves: $2,100Vacancy: $2,100Mandorty debt payments: $20,940Taxes: $15,760Net income: $16,420; increases to $20,020 after lot rent increaseThank you! 

I ended up going out of state to Nevada since my strategy is buy and hold rentals with a good combination of cash flow and appreciation potential, and I thought California was too high priced vs the amount of debt I was willing to take on. 

Assuming the borrower actually completes the BK, the result is that the borrower no longer has a Personal obligation for the actual debt....the mortgage against the property is not affected in any way. 

., they force coverage on you instead of tailoring the coverages around your unique situation)Only represent one insurance company (no single insurance company can offer the right policy, at the right price for all situations)Their process for getting a quote is difficult and cumbersomeTheir underwriters/inspectors seem to always find a problem with a propertyIf you spot these warning signs, you should search for an insurance agent with these attributes: Have a depth of knowledge gained through years of experience working with real estate investors like yourselfHave a unique consultation process specifically crafted for working with REIsHave access to a minimum of 50 insurance companiesWork with a large independent insurance agency or group (the larger the agency, the more leverage they have with insurance premiums and claim settlements).

Non-Recourse agency debt, bank loans, bridge loans, loan assumptions, and etc. 

If there is barely enough capital to cover closing costs, you are one sneeze away from pneumonia (vacant month, unexpected repair, bad debt, move out, etc.).

It appears you have a very low rate and it would be expensive to replace the debt at that interest rate.