If you’re not systemized, this expense balloons.When you add it up, a single turnover can quietly cost $4,000 to $7,000.Most landlords don’t even realize they burned a year of “cash flow” replacing a tenant.Here’s how we eliminate turnover across our Section 8 portfolio:1.

When underwriting a property, assumptions related to its debt can have a significant impact on returns and valuations.

Quote from @Jimmy Rojas: Im a first time homebuyer, i been 1099 for 10yrs now, total monthly expenses $1500 , no debt, bring in $5k a month, experian credit score 745, looking to borrow no more than $200k maybe less, ideally $15k down payment , %6 or less interest,  monthly payments $1500 or less, what are my options and what route should i take. 

Quote from @Adam Macias: A 50-year mortgage sounds like affordability — but it’s really it'll be debt that never ends. lolOn paper, stretching a mortgage from 30 years to 50 lowers the monthly payment, yes.But in reality, you’re paying far more in interest while barely building equity for decades.If you buy a house at 25 years old if you're lucky, you'll be 75 when the mortgage term ends...It’s housing that feels like ownership but functions more like renting — just with a longer contract and a higher total cost.The real problem isn’t the length of the loan.It’s the affordability crisis that’s forcing people to consider lifetime debt as a solution.Until we address prices, wages, and supply, extending loan terms only delays the inevitable...The further elimination of the middle class chasing the American Dream of owning a home. 

Find a job or two, get rid of those CC debts then save.

I would honestly eliminate condo, townhomes from your strategy.

Treat the private lender like a lender, not a partner.If you structure it as debt, then your choice to live in one unit doesn’t affect their return at all.Typical terms:Fixed rate (8–12 percent depending on market)Interest-only monthly paymentsBalloon in 12–36 monthsThey get paid identically whether you:live in one unitrent all unitskeep, refi, or sellYour personal living benefit is irrelevant because they’re not sharing equity.This is the simplest and safest structure for a first deal.2.

Obviously at 67 your goal should be to limit debt/risk but you still own quite a but free and clear so it'll be OK.

You’re smart to protect that cheap 3% debt.

Pay off debt quickly and build equity.