The seller benefits from the spread between the interest rates of the old and new loans.Agreement: Ensure a clear agreement on who will be responsible for the existing mortgage payments and how any arrears or defaults will be handled.Seller Second Mortgage:Structure: The buyer gets a new first mortgage to pay off the existing loan and a second mortgage held by the seller for the remaining balance.Consideration: This may require refinancing the existing loan, which can be costly and may change the loan terms.I hope this helped.

I have never purchased a home before but in the town I would potentially move to renting makes little sense do to the cost of housing prices.

Just make sure that you understand the maintenance (foundation and roofs) and tax/insurance costs that come with owning property in Texas.

@Marc ShinMake sure to double whatever they tell you it will cost and take 2x as long and then have someone to come repair all the shoddy work that was done.Hopefully you have working bathrooms otherwise you may have some surprises hidden behind your walls

You can utilize low down payment loans by house hacking your next property.3) Partner with people to invest your capital together.4) Invest in lower cost marketsThe tough thing about real estate investing is that it's capital intensive.

Negotiate price, closing costs, and repairs, conduct inspections, and perform a final walkthrough.

If no one has already run them buy a lawyer here in Georgia, would anyone be interested in splitting the cost to do so?  

Its a very costly mistake to get wrong! 

I'm a fan of the consistent, not checking which way the wind is blowing, dollar cost average investor that keeps buying every year or two.

Due to high costs in San Diego, I would likely have about $2500-$3k month negative cash flow even with renting out the rooms/house.