It would also not provide the seller any cash since its treated as a refinance where it uses the equity for the down payment and closing costs.

If you hit me up just after that period, I will offer to treat you to a burrito and soda and discuss our RE purchases and the mind set.  

An index fund is a better option...eventually, I'm a fan of paying them off and treating them like fixed income, but not now assuming that your financial house is in order and you like owning and managing real estate.

Hey Wayne,In the DSCR space, most lenders would treat 3 units (2-4 unit) within the same classification as a 'Single Family' DSCR with maybe a small increase in rate, but your leverage options should be about the same (20% down).

Lower of cost or market for determining the basis is also the correct way to treat a personal use asset being placed into service for business purposes.

I'm still searching for that perfect local bank that treats me like a human and not their own personal ATM.

As a result, the previously suspended $100,000 in passive losses can now be treated as losses from nonpassive activities.

He just doesn't like you or the way you treat him, so he chooses to insult you.

They are not treated equally to other applicants.

After talking to a few bankers, including one with more than a decade at BofA, I can 100% confidently tell you this is how Bank of America treats all of the customers in this location.