Not a huge deal considering the cost of comparable services and I'm able to get the mortgage paid before the 15th. 

If I'm being honest I've yet to close the deal yet, but so far with the help of my agent/mortgage broker I'm feeling very confident this deal will be successful in the long run.

Not sure if some of these HAVE to be the first home you've ever purchased, but a good mortgage broker would be able to assist you in determining the best way to approach the situation.Selling and then buying the 2-4 unit may open up the very best financing available to you, but it could also make for the most headache.Either way, good luck as you work toward your next steps of the journey!

Will you be leasing out your existing home to cover the existing mortgage? 

We paid that first house off in 2013 and use the rental income to pay our current house mortgage.

I read on CNBC today there are 22% less home mortgages happening than same time last year.

Or you could set it for matured mortgages to find people with their house fully paid off. 

Buyer 2 insists on throwing 45% of his income into a monthly ARM floating rate mortgage in 2016 and offers 1.2M.

In addition to the mortgage, property taxes, and insurance, the projected calculations are taking the following expenses into consideration (5% rate for vacancy, 5% for repairs/maintenance, 5% for CapEx, and 10% for property management; otherwise the income figures would be higher. 

No challenge, but wondering if I should've done 30 year mortgages on rental properties.