I would talk to a local mortgage broker that has a good understanding of investment properties.

Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

Hey @Rupesh Singh - DM me and I can connect you with a mortgage broker my team is working with.

What scares me is how large a mortgage or money borrowed is as compared to the rent you charge for a property.

The number of homes worth less than their mortgage is supposedly less than 4% in the country right now, but I still see a lot of distressed properties going to auction in just about every neighborhood.

Hi Joel,Speak with private money lenders, local banks, and commercial mortgage brokers.

The mortgage and price are amazing, but taxes are really high (13.5k!)

I am currently renting out three of the rooms which covers the full mortgage and I live in the 4th room (So house hacking).

Hi All - I recently saw a lot in my neighborhood hit the market BUT my mortgage guy said he can't finance it because there is no dwelling on it.

I am currently employed as a ticket broker, so I have consistent income to pay a monthly mortgage payment as well as the down payment.