This price range is all low range commercial rental around us.- I'm not sure we can rent the JADU in 5y when we move abroad.

What is the purchase price ? 

No, he didn't keep the property, it was at a time when prices where stagnant, however, because he wasnt making payments, the arrears had eaten up all the equity and then a bunch more.

@Eric KajkaTHanks for the post   1) your FIL  will have  approx 2-3%  of selling expenses  assuming there are no realtors involved ..assuming 600K sales price  and existing loan amount  he will likely  net   a bit under the  400K  needed for AZ house ...he  will also likely have  some  costs  involved  with moving and buying the  AZ home .   

Purchase price: $200,000 Cash invested: $60,000 Primary Residence turned 1st rental property!

I can tell you I am often cautioning new investors to the incredible risks they are taking and try to help them understand it is not all as rosy as those seling courses or you tube videos claim.A lot of people have made money in the last several years not because they are smart but because they were the beneficiary of an unprecedented increase in prices and rents. 

We continue to have low vacany rates all over the city and rent prices continue to steadily rise year over year.

We've been referring clients to use them, the prices are reasonable and the UX is intuitive. 

LTC is a loan to cost, or your loan to your purchase price + reno.

Again, I expect to keep this anonymous and I will not divulge specific prices, addresses, etc to protect the confidentiality of the parties to this transaction.