Goal is to lower your cost of living/rent.When running u/w numbers, you should be using market rent for the unit you plan to occupy. 

That 15.7% on our net note equity, but 22.7% on the “forgone” capital.About $6500 monthly is in cash, another $2000 is amortization of the u dearly I g note.It’s now two years later.

I would continue to rent it. and may be refinance it into a better rate, even though u have to pay 15 k prepayment... 

Thank u guys!

Repairs = extra (at u defined captive audience rates,) turn overs at the usual 1x monthly rent  Legal needs = all extra.

Live in it, rent it out as a short term rental when you aren't there and call it a day with your house hack.bit being in a hurry for your first purchase could help u get a better buy 

advanced fee pump and dump  full stop.. for all the reasons mentioned above. its an epidemic in the US and has been for decades.if you can watch the American Greed episode on Remington Financial and then you will understand how a sophisticated due diligence scheme was carried out.the one U showed is coming to you from off shore just garden variety Nigerian prince scheme couched for RE lending. 

He came in one day talking about spending his life's savings on furniture, renting a U-Haul to drive to Texas, and furnishing 12 apartments for arbitrage that he would manage from Nashville. 

Thank u all who have replied.

Daniel Williams Land sales are a vast majority of seller carry back.. also U can do like the big note buyers do and follow public records then send we buy notes direct mail..