Are you paying interest only payments or both principle and interest? 

Other people are just looking to park some money and are okay without much initial cashflow, so they might go for a small multifamily with a low cap rate, in a low risk sub-market, and bank on getting their return from rent increases over time, appreciation, principle pay-down and depreciation tax benefits. 

Willing to sacrifice quality of life in my early 20s for financial freedomQuestions for asking a RE lawyer during my session:If you have a question that you would like to ask an RE lawyer please follow the question guideline below so I can organize my questions to make it more efficient during my session:Questions to the Lawyer:What is the objective of the question?

@Bryce Fowler the principles of what it takes are probably the same as what it takes to be successful in any industry.1.

After renting it for 6-12 months, then evict the tenants and move in as my new principle residence. 

All I could find online was that my lenders can’t deny my wife since she is the mother, but I’m not sure if that same principle applies to fathers as well.

Even if the investment is a grand slam, the debt investor will only achieve the interest rate stipulated in the loan documents.Repayment Priority: FirstRisk Profile: LowPotential Returns: 3-8%ConclusionCommercial real estate offers investors a wide array of positions in the capital stack to help investors achieve their objectives.

But again, this number is different for every person based on their goals and objectives as well as how much their time is worth.

Those who produce values--including real estate investors should not be regarded as objects of disgust.

(use any investment calculator for the latter).You might find out that saving 100K in mortgage repayments costs you a couple million dollars in opportunity cost.Again there are situations where mortgage paydown makes sense, they are just hard to objectively describe to anyone who is trying to grow a portfolio of buy and hold rental property.