Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

Here's the low down:250 Units, Evansville, IN | Class C+/B- AssetAcquisition and Assumption of Existing Debt (35yr Amort at 2.93%) + Mezzanine Note + Equity of about ~23% Equity Raise: ~3.1 Million (our own cash + limited investors as well).Plan: achieve cash on cash returns in the mid teens (going in 8.55%), IRR of 15%+ and 2.25x over a 7 year hold.

I've finally dove into the quest of financial freedom by house hacking.

A typical analysis would say if my projected rental income (conservative modeling) dropped 10% and occupancy dropped to say 81%, am I still able to B/E and pay the debt and provide what level of CoC return to my investor.  

We could use a little physical help (not financial) finishing this home and are happy to return the favor with a lot of help on your current or next project in the area. 

We could use a little help finishing this home (not financial) and are happy to return the favor with a lot of help on your current or next project in the area.

Try and keep the existing debt in place next time @Wanda Croft!

Hey, so the other day a I was talking to another student at my university about our schools financials, and found out most if not all schools publish a financial statement.  

Im just not sure how it would work out if i had a high debt to income ratio even if i had all three units rented out. 

Once the debtor reaffirms the debt, is it a given that the debtor will begin making the regular monthly payment as well as the payment towards arrearages during the term of the plan?