Originally posted by @Ricardo Kendrick:@John Leavelle I see that when I amortized it over 30 years the cash flow went to $468.68.It's not a given that Lenders grant 30 year amortization for investment mortgages. 20 years is probably the longest you'd be offered.

Not sure but I a thinking that it may be cheaper to do it now than later.But as this is my first new build, I would like to hear from some of you with more experience in this area and your thoughts.I appreciate the feedback and have a great day!

So your Principal and interest payments for this property would be $1020 (30 year mortgage at 5% interest.)

I been researching myself the answer to this dilemma - here are some other threads that you should read to gain insight in the various pros and cons of an approach versus the other.74999-paying-off-rentals-early568352-pros-cons-to-paying-off-rental-property-early547169-how-leveraged-are-you527382-pay-off-mortgage-and-snowball521188-pay-off-one-property-or-look-at-another74999-paying-off-rentals-early529189-payoff-mortgages-or-notShould You Pay Off Your Rental Properties Quickly?

HOAs also have restrictions on signage and showing, making it harder to rent out.If the HOA ends up in a big lawsuit, often banks won't provide a mortgage which means you may not be able to sell when you want to or do a cash-out refi. 

Their names will be on the title and mortgage since that is where the money is coming from, however, the agreement and plan is to refinance them off the title and mortgage at a later point since this is a short-term loan, and not an equity stake in the property.

However, having a mortgage on a cash flowing property is totally fine.

What I'm wanting to accomplish may be immoral but I'm looking for a legal way to get my bank to sell my mortgage to a trusted 3rd party.

Being cash you can save a bunch of money on insurance and the companies won’t hassle you over stupid petty stuff as bad as if it was mortgaged

Should I stay in my home and try to get some roommates to help with mortgage cost until I gain more equity?