Taking the 30-year option will allow you to double your cash flow allowing you to scale faster.As long as you have a positive cash flow on the property it shouldn't negatively impact your DTI.If your goal is to continue with the property you have then I think the 15-year may be a good option.

I am happy to say, I alone have doubled my income from when I bought this house through my job (got into a new position and getting raises) and side hustles.

Florida is a more volatile state for Property coverage, so your increases will always be more than those in the Midwest.Umbrellas for larger portfolios are doubling in cost in some cases. 

That same $144,000 could buy you three houses over that ten years using leverage and you could get solid double digit cash return.I also don't understand the comment that he doesn't believe in reverse mortgages.

For example, there will be a lot of double negatives and under each law there are a lot of subsections.

@Heidi Kenefick Double check your contract with the PM.

For the type of rehab loan you're describing, interest rates from hard money lenders generally range from the high single digits to the low/mid double digits.Points: What will the lender charge to originate the loan?

It's on fire (double digit appreciation last year) and many vendors here are used to working with out of town investors.

That being said I get it, 6 exterior doors is gonna get pricey...On a couple of properties where the door is redundant I double side deadbolt them so there is a key on both sides and the guest can never open or use that door it just stays locked but obviously that depends on your property/situation.

I want solid singles and doubles, not homerunsI look at many, across many asset types and risk profiles.