If the income covers expenses, debt service, etc. and still leaves a profit, and cash flow is your goal, that would be a fit in my book.If you're seeking equity, and have cash to put down on it, it could still work.Sorry to be non-committal, but these are questions you need to ask yourself: what are your goals for his property and does the overall situation meet those goals?

FMV: $215k, Outstanding Debt: $150k.

I think before housing can truly take off something has to be done about the following three issues affecting millennials.  1) Large amounts of student debt.  

I had a lot of debt and my score did not go down much.

Trillions of dollars in debt and still no sign of inflation.

The Settlement terms credited the rent deposit back.

Should I attempt to pay off more of my debt before I attempt to purchase something? 

(both are less debt service, HOA"s, property mgmt, reserves, taxes, insurance, etc) Cash Flow/numbers on both seem to make complete sense.  

I would pause, review my holdings and debt, redo my calculations, and proceed based upon what the data says.

Hello everyone,I'm an anesthesiologist trying to dig out of a mountain of student loan debt while supporting a wife and 3 young children in the Bay Area.