If you just want to calculate a mortgage payment that’s a free function of 10’s of not 100’s of free apps for your phone/tablet.

Best of luck with your situation, and feel free to reach out if you need more advice or resources!

Feel free to PM.

Feel free to reach out if you want some suggestions!

While it can be debated, most would agree that there is no better, more risk-averse way to enter real estate than house hacking.

If you have any questions, please feel free to send me a private message.With solid financials, a Debt Service Coverage Ratio (DSCR) program sounds like a great fit*

In selling it I estimate I would lose somewhere around $30k of my initial investment, which I'm also factoring in.As long as you know the costs and are willing to take the risk, I recommend holding onto the property. 

both are with eXp Realty and offer a ton of valuable free for content!

Here are some pros and cons of each approach to help you decide:Paying Cash for One Home and Refinancing LaterPros:No Mortgage Payments: You won't have monthly mortgage payments initially, which can reduce financial stress.Equity: You own the home outright, giving you full equity which can be used for refinancing.Lower Costs: No interest payments and possibly lower closing costs compared to having a mortgage.Better Negotiation Power: Cash buyers often have more negotiating power and can close deals faster.Cons:Opportunity Cost: Your cash is tied up in one property, potentially limiting your ability to invest in other opportunities.Refinancing Risks: Future interest rates may be higher, making refinancing more expensive.Market Fluctuations: Property values might decrease, affecting the amount you can refinance.Buying Four Homes with 20% Down on EachPros:Diversification: Owning multiple properties diversifies your investment, reducing risk.Rental Income: Potential rental income from multiple properties can generate cash flow.Appreciation: You benefit from the appreciation of multiple properties.Leverage: Using mortgages allows you to leverage your investments, potentially increasing your return on investment.Cons:Higher Debt: You'll have multiple mortgage payments, increasing your debt and financial obligations.Management: Managing multiple properties can be more complex and time-consuming.Market Risks: Market downturns can affect all properties, amplifying risks.Cash Flow: If rental income is not enough to cover mortgage payments, you could face cash flow issues.Considerations:Financial Stability: Assess your current financial stability and ability to handle mortgage payments and potential vacancies.Market Conditions: Consider current and projected real estate market conditions and interest rates.Investment Goals: Align your decision with your long-term investment goals and risk tolerance.Professional Advice: Consult with a financial advisor or real estate professional to get personalized advice based on your specific situation.If you prioritize lower risk and less debt, paying cash for one home might be the better option.

@Zeliang Zheng, rent-by-the-room properties cash flow significantly in metro Atlanta and other Southeast markets, depending on your risk tolerance and whether or not you're willing to explore/consider the investment strategy.