How many dollars are you saving per month/year with the lower interest rate and mortgage payment?

Appfolio just took thousands from me via emails saying a payment was rejected for 12/2022, 1/2023, etc.

Now when it comes to the financial rubrics/criteria, I have a quickie method for evaluating a potential deal—I take the monthly rent, and divide it by the purchase price.

This will help you figure out whether or not her partner even has the credit/income to support his portion of the rental payment. 1 - Yes make him fill out an application with conducting credit, income, employment check, etc. 2 - Yes.

In addition, be sure the property management company you choose is capable of handling the particular difficulties associated with the rent-by-the-room method as well as your own demands.Good luck!

It's a slight deviation but along the same lines as the BRRRR method, although I didn't know that process at the time.

Payments are $2k per month.

I have no investment money currently but aiming to save for a down payment in 2024.

You get better terms on a primary residence -- lower interest rate, lower down payment requirements -- because if you encounter financial strain, you're most likely to pay the mortgage on the roof over your head.

Excellent insights into sources for down payment.