Our monthly mortgage amounts to around $2,000, while we generate $1,400 in rent for the upper unit.

I pay 6% interest only on free-and-clear houses, and have also taken over mortgages, subject to the existing financing.A rental ought to be on your tax returns for 2 years before lenders use the extra money as income.  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

There are hiccups if the landlord hasn't completed their end of the paperwork or requirements through the online portal but nothing that was a crazy delay. 

If I pulled to put on a rental property for around 200k then after property tax, property management, mortgage, insurance I’d probably be cash flowing much less than my 5.5% at the moment. 

I can only work online nowadays because I'm confined to a wheelchair. 

So, your mortgages will be secured by real estate and personally guaranteed by you personally.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

30 Year Fixed Rate Mortgage How did you add value to the deal?

Check out other online guides available here: https://www.biggerpockets.com/guides3.