Which kind of Honda are we talking about? 

Not sure what the process would be.This is kind of what I'm looking at (with a 7% interest rate):Its not really negative cash flow, its saying $143/month.

What kind of deals are you focusing on now?

Of course you could do both, depending what kind of capital you have.

:thanks @James Mc ReeWould like to hear from any others or @PPR about this too Hi Scott, I posted a fairly lengthy overview on the different kinds of funds and structures on the thread linked below. 

The kindness and humor of the responses is comforting in a field where there is very little down time (currently as I get it established) and you all "get it".

This is why I always hate on big banks for mortgages - while this kind of thing is not exclusive to them, it tends to happen with them at a much higher frequency.

I’m still in the learning process of what avenue of investing I want to venture down, and about a year ago I signed up for a course to become a realtor but then backed out as it wasn’t the right time to devote that kind of studying.

•Just because you can refi and pull out your initial cash doesn’t mean it’s the kind of property you want to hold for the next 20+ years.

The tenant is not going to extend early out of the kindness of their heart.The existing lender knows the borrower and knows the tenant well.