If someone says 5 or 7%, they may or may not have decades of experience behind them to qualify such lower numbers.

Another start difference between FHA and Fannie Mae is the “PMI” or “MIP” premium that each will charge.

Best time to start is today.

The current market value of the home is about $645,000.Key Details:Purchase Year: 2020Purchase Price: $415,000Current Market Value: $645,000Mortgage Interest Rate: 2.99%Equity: $320,000Current Monthly Cash Flow: $1,450Return on Equity (ROE): 5.44% (without variable expenses)Return on Investment (ROI): 14.5% (without variable expenses)However, I've noticed some trends that are starting to concern me:- Home prices in my area are slightly reducing, and rental prices are also on the decline.- There are more houses listed for sale and rent in the neighborhood, which is pushing rent values down.- My current lease is up in September and the tenant is leaving, and I expect my monthly cash flow to reduce to $950, lowering my ROE to 3.57% and ROI to 9.5%, again, without variable expenses.- Homes are staying on the rental market for a few weeks, sometimes months, even at lower prices.

Just do it for one year, and you will see results fast.The issue is when you pick one strategy, then a month later, you want to change, then 3 months later you want to do something else, then 2 years later you have not done a deal yetin my journey, I was broke, so I started wholesaling, then I expanded to Fix and Flips, then to rentals, then owner financing and notes and commercial properties.

In tenant friendly states like Maine and MA, a small error in the paperwork could result in the process starting all over again.

It's always a new account w/ no reviews, and it always starts with "is the place available on 'x' dates".

Proper and CBIZ are agencies that offer policies in many states, so you might start there.

This started as a nice cabin getaway for the family and turned into a rental.2.5 - 3.5 hr drive depending on where you're coming from and what time you're traveling.You may also want to look into Tannersville, Warwick, Greenwood Lake. 

Good problem to have but I want to start paying off some of these loans to increase cashflow and make us impenetrable during a market downturn.