Other than that, you'll have to either pay down the mortgage and refinance again, or try to raise that rent to make the cash flow positive.

I know the interest rate for a mortgage is Pegged to the 10 yr note, but what would the interest rate be if the Feds raise the interest rate up .5 this year September rate hike and maybe December/January (.75 total)

found out there is a mortgage for 300k. 

Where I will be able to get a mortgage/taxes/insurance for about 350-500 a month.

Where I will be able to get a mortgage/taxes/insurance for about 350-500 a month.

San Diego isn't a great cash flow market but look at it this way, your tenants are paying off your mortgage. 

If it did need remodeling, I could wholesale it to a rehabber.If it doesn't AND the owners have a mortgage, I could sub2 their mortgage and sell it to someone else owner financed.But what if they don't owe any mortgage on it?

Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate investment business, I am wondering whether it would be the right way to sell my current house and buy several assets for rental or keeping this and getting a loan/mortgage and buy, probably, fewer assets.I am sure there are many answers to my question but I'd really appreciate to just get some kind of idea of what the right direction would be.Thanks in advance for any replies  

Cyrpress Park and North East LA are really growing as communities, you factor in location with cheaper prices you can see a new influx of a younger hipper crowd.

Assuming existing mortgage via "Subject to"I hope this helps!