I guess the mice have chewed the insulation.Additionally, the drywall at basement detected moisture.

With a $3500 mortgage just being over 50% of my W2 income (im make about 3100 per paycheck) am I biting off more than I can chew in case of vacancy?

I also own a multi-million dollar IT Staffing firm, a Hunting Outfit in AZ and a Antler Dog Chew Company :) Would love to chat!

Great stuff to chew on.

It's also going to be smart to not bite more than you can chew.

Background and Current SituationI currently own a home in Clovis, CA with $472k owed on a $487k mortgage. My total payment is $3500 (including escrow); it could rent for around $2700. The property is in a prime locati...

A buddy of mine managed to get a better deal because the local lender understood the potential of owning adjacent properties.Honestly, the financing world can be a bit of a maze, and it's easy to feel a little lost.Anyway, hope that gives you a few ideas to chew on.

It leaches chemicals into the water, does not last as long as copper, rats chew through it.

Hi Fergus,If you can handle the workload thats going to come with building the two duplex's, I say go for it.If your going to be biting off more than you can chew, liquidate.It really depends on your risk tolerance at this point.The construction loan is a doable deal as long as you have solid credit, have experience /hire a builder.

Towns/cities hate them because there are no proprety taxes yet they chew up services for things like more school kids, etc.I'm sure there are deals to be had out there in parks for people that are looking.