We put 5% down using an FHA loan and currently have an outstanding balance of 450,063.

It creates a lot of friction with other tenants and normally creates a poor work life balance for the manager.

Hi Guys,in FL,HOA is foreclosing on a house in a week - Lien of 25k.the property also has a 1st position loan (Reverse mortgage)  that also just started proceedings with no set date or "Final Judgement" numbers yet.On the details of the 1st reverse mortgage foreclosure, its only mentioned that there is 320k principal balance due.The original note of the 1st was issued 2009, with a total sum of 650k, payble up to 2081 (!!).

Quote from @Victoria Phifer: I don't recommend charging anything on a credit card unless you have total control of your finances and can pay off the balance every month.I charge everything I can to credit cards, but I pay the balance off every month, 100% without fail.

You can't increase the rent, rent may get paid late, internal arguments, etc.Make sure to balance all the pros and cons in your situation.

The teacher did try and have us study balancing a check book and calculate interest rates but the class was meant for kids who couldn't pass normal high school math.

A lot of other markets 20 years from now could be ghost towns with little demand.But on the flipside, that safety/security comes with lessor immediate returns, as is a normal balance with investments (more risk traditionally equals more short term gain potential). 

The house was bought for $362k and has a mortgage balance of $250k.

Neighborhoods like Morningside, East English Village, and Bagley are great examples of areas where properties have appreciated, and there are still a lot of up-and-coming pockets where there’s growth potential.Detroit isn't perfect, of course, and it has its challenges, but I've found it to be a great market to build a rental portfolio that balances cash flow with appreciation.

It’s a balancing act, and sometimes the numbers don’t always make sense.