Gerardo here.I'm a New Real Estate Investor from Mexico.I was reading about the latest news that Fannie Mae expects a "mild recession" in the next few quarters.Fannie Mae Expects a Recession as Mortgage Rates Continue to Climb—An Opportunity for Investors?

They had to have all of their policies re-insured, paying premiums, so I don't know how much you'll save if you think premiums are too much setting up a captive sub.If you have a mortgage, without insurance, the lender would rather not deal with the loan as it's unsalable in the secondary market.

My LP will simply provide the majority of the investment up front (approximately 70-80% of upfront cash).We both agree on a 50/50 split of earned equity from the mortgage.

Then, figure out what it's gonna cost you – your mortgage, any possible property tax bumps, pricier landlord insurance, plus regular upkeep, fixes, and fees if you've got someone managing things.

FHA is still an option but you have to refi out of it to get rid of mortgage insurance. 

I already have a primarily home with a mortgage but I do have over $300,000 in equity in that home.

Understand market conditions and be able do a "soft" vetting based on that.10% CoC ROI with a 15-year mortgage is going to be much more difficult to find.

The mortgage payment is going to hurt us without a tenant, so we really need to get this moving.

I love people and take pride in showing our homes, but it's difficult sometimes to hear how tough it is out there for some families to make ends meet.I'm a landlord and appreciate that I'm slowly building a little bit of wealth through appreciation while having tenants pay for my mortgage. 

My plan is to move, carry both mortgages, put about $10-15K into my current property over the next month or two, and then sell it.