@Eryn GarciaPros are that students generally have consistent income from loans, parents, grants.

Rents will likely go up over time as well.You can also get creative to increase the income by doing MTR, STR, rent by the room, etc. 4) Loan amortization will increase your networth over the next 5, 10, 15 years+. 

If your goal is to grow your portfolio and outsource all tasks, you can't go wrong with Quickbooks Online.

Unfortunately, that won't matter as  Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSE’s) that set the guidelines for conventional loans, which most lenders follow for other types of loans, too, require that a condo building’s master hurricane insurance policy provide 100% coverage of the replacement value for the building. 

Your family might benefit from buying a 2-4 unit property with 5% down using a conventional loan.

@Sunny Karen- thanks ...nice sounding plan ....if you havent already done so - make sure to get yourselves  formally pre approved  with a lender  using a hypothetical  scenario ... depending on the loan amt needed ( if any) - make sure the lender you talk to can handle the amount . 

Has anyone had success in buying down rates on single family with commercial loan?

Hi, I've joined some communities online to network and find offmarket properties but it seems like people don't have a whole lot of information about the properties.

Start depositing all income into one bank account, a bank statement loan may work for you.

Saving 3% per year will save you $1k/yr, $80/mo, of getting the loan costs you nothing.