I don't know how strong they would remain.

Since the vast majority of landlords in this country are small operations, losing several month's rent by government decree and having no recourse through the courts to exercise our right to protect our own property, many are suffering.Unfortunately, we are NOT all in this together:  Lowes and Home Depot and Walmart remain open, but the local hardware shop, nursery, clothing store, and restaurant have been forced to close. 

The interest rate is 4.25% so our monthly mortgage payment with tax and insurance is around $1,300.00 with 22 years remaining. 

No crystal ball; just the perception that the white collar industries that drive demand for housing in our upscale areas (our niche) will continue to do well and that the desire for young families to move to the suburbs will remain a strong element of demand.   

History shows that more wealth is created during a recession than any other time, because things are on sale while the underlying fundamentals remain the same.

Without any consultation whatsoever, he signed up for another place to live, notified us of it after the fact, and set about trying to set an agenda for his family to move out in mid-August on a time frame suitable to himself, even down to demanding to pay on a pro rata basis and be refunded the remaining portion for August!

Getting a HELOC first as a distinct transaction will of course take time, which is why I had to "assume" that rates will just remain exactly flat.Of course rates could drop 0.75% between now and when the HELOC is hypothetically done, washing out that 0.375%, but that's unknown and unknowable.

The craziest part of it all is that I've never been happier.From here, Alec and I will continue to build Detroit Riverside Capital into a full-scale investment and development firm, with this first project remaining the top priority until its completion.

However, if you're able to get your target price and get $1,400/month per unit, you'll be in great shape.The key is that you'll have to remain disciplined as the purchase price is key. 

Using that rate of return, along with the payment amount and remaining number of payments, you can calculate the value of the note on your financial calculator.