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Help advise Gary and Jean on their intention to purchase a property with rental units.  They have total annual salary of $51,000. They expect to qualify for a mortgage of approximately $150,000 and want to finance no more than 65% of the total cost of the property (leaving 35% equity after move-in) in a good neighborhood where their two children will attend school.

Gary and Jean are considering financing their home with a fixed-rate, 25-year, 5% mortgage. The lender charges 2 points on mortgages with more than 20% down. Other closing costs are estimated at 5% of the building

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