I will cash out the amount I put in when possible, then leave the rest in as a bonus and a reason for me to follow the cryptocurrency madness!

Bernard,Wow... where do we start...Right off the bat, you need to figure out what the mortgage payment will be... so...280K (purchase) -12K (Taxes)-97K (first mortgage)-16K (Commercial mortgage) =155K (new mortgage)155K @4% for 30 years is $740/mo$740(new)+ $810 (first) + $110 (commercial) =  $1660/mo1% rule = 280,000 x .01 = $2800 so call it a wash at $2775 income (Pass)50% rule 2775*.50 = 1387.50 but your payments are $1660/mo (Fail)My further analysis indicates a loss of $150/mo using the following:10% Capex, 10% reserves, 10% management fee, $2200 insurance, $3000 taxes, and 0 in current expenses, all of which which is pretty generous. 

Find out more: http://www.njhousing.gov/dca/hmfa/homeownership/bu...If interested in a similar program that is a little less generous but works for other counties in certain areas of New Jersey look into the "Smart Start" program.Received a lot of this information from Ron at Cross Country Mortgage in Montvale, NJ.

The ability to provide a clean multi-family home for tenants, while simultaneously providing generous returns to investors.  

You live with your parents - huge bonus - use it!

I READ IN THE PAPER WERE HOME OWNERS ARE HIRING LAWYERS TO GET GENEROUS OFFERS ON THEIR HOMES FROM THE COMPANY. 1 FAMILY WAS OFFERED 19K FOR THEIR HOME (WHICH IS MARKET VALUE) BUT THEY ARE DEMANDING 119,000.00 .. 

This was all done per the tenant's wishes and the bonus for us was that we saw where the tenant was going and got an address where we were able to send end of tenancy correspondence.]6.

What would it be like to rid yourself of the headache of "landlording" and just milk the cash cow known as a note and as a bonus possibly receive a higher level of cash flow?

The payment plans seem very generous too.  

I personally think that's not very generous of them?