In your situation, shorter amortization like 15-year debt can make sense if the properties still pencil, because you’re effectively converting W-2 income into equity at a guaranteed rate of return.

.- I look at the first year css savings as a means to increase effective LTV.  

The clean exit demonstrated how effective same-day wholesale transactions can be when preparation and execution align.Lessons learned?

If you’re looking for boots-on-the-ground support or want to see a few case studies of deals we’ve helped clients execute, feel free to reach out.When done right, BRRRR is still one of the most effective ways to build long-term wealth. 

Effectively looking for 20% CoC.

They often have screening options that are cost effective for a small landlord as well.An additional thing to look into, since you will be living on site, is which Fair Housing laws still apply to you. 

@Mike Manchello A good real estate agent will be far more effective at helping you find your first property than trying to do it yourself simply because you have MLS access.

I am also tying to cancel my membership effective immediately. 

The property with that preliminary cost set in effect has the year 1 tax savings increase the LTV to 85% (using my estimate of tax brackets).  

Finally when they are ready, house hacking with FHA or first time buyer programs is an effective way to develop long term wealth while teaching leverage, cash flow and responsibility.Good luck.