You will have a place to live and have other people pay down your mortgage.

I have been doing mortgages for 26 years and specialize working with investors and house hackers.

Make sure that letter is delivered, posted properly, and containing info according to your local law, or it could be ruled meaningless.

If you are buying a deal on the market, typically the agent will make sure everything is lining up for closing.Bank statements showing the availability of funds from HELOC or a mortgage statement should suffice.

This really could be all over the place based on what type of properties ones has and where they are located.Expenses and mortgage also greatly affect the bottom line.Someone with 5 properties could be killing it or not have two nickles to rub together.

My mortgage payments on the duplex increased dramatically over the last year as well, and currently it is appraised at 720K with 4,100/mo rent.

See what we can do now to build equity instead of waiting on the LV market to improve and continue renting here in Vegas (we have a really good rate with our landlord) and instead buy our personal home in Texas as a secondary residence so that we can start creating equity sooner (its a beautiful manufactured home so not a huge mortgage).

On the same note I have tried to get her to invest in other properties with me and she is terribly risk adverse and just can’t stand the thought of having her name and credit being attached to a large mortgage even though I have explained numerous times about how the bills and mortgage payments are made by the rent payments. 97% of the time she continues to be supportive of me pursuing the real estate on my own and has been supportive of me retiring from my job to pursue it full time.

My initial goal was to have property where I don't have to pay for a mortgage out of pocket due to lay-off risk in my job.

A standard mortgage would work.