Let's say traditional:You would need at least 20% downPurchase Price: 84,900Down Payment: 16,980 (down payment)Financing: 67,920Monthly Payment: 327 (PITI 500 or less)Two beds are renting for about 750 month in that area50% rule leaves about 375 to pay Mortgage.That is very slim, and if the monthly payment is more than 375 then you are losing money.However, that is just one scenario out of many involving a lease option.You could have the tenants pay a premium which would cover the mortgage and get you some cash.

As a testament to God I thanked him for the sunrise that morning, and the sunset that night, and thanked Jesus for living the life we all should live and dying the death he did to save each and every one of us.

(Audio visual equipment, expensive bed, appliances, etc.)

Wealth:Many loving relationships, the ability to sleep peacefully at night, good health, peace with God (unafraid of death).

3)do you find it hard to rent a SFH when so many 2 bed apartments are cheaper and in same area?

Here are the stats.3 bed that had the 2 smaller bedrooms modified to make one large room. so currently a 2 bed 1.5 bath.

He has owned for 18 months. 3-4 bed 2 bath.

Death in family, move, retirement, new business venture, jump into larger deal, and the list goes on.

I am in the process of rehabbing a 1860 square foot, 4 bed/2 1/2 bath and will be changing out all the cabinets which give me the flexibility of installing a free standing range, or a drop in range, or separate cook top with built in wall oven.

@Shaun Reilly I woke up this morning, jumped right out of bed ready to take on the world, I can not remember the last time I was this excited to go to "work".I appreciate the words of encouragement from everyone.On to the next deal ...