It, will go up next year.

We live well, have a nice house which I built from the ground up and saved 200k off the top. 

You can refi it while it's vacant.Feel free to shoot me a message if you want to discuss further.

Honestly once the doc was signed, most of deal was on me to deliver. 

I am building ground up so any contractors that do framing, plumbing, electrical, roofing, etc.

I used a hard money loan to purchase this off market deal.I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit.

I know you don't want to deal with tenants and their problems, so why not either:A - Buy a NNN property where you don't have those problems, but still have cash flow,...orB - Take your $500k, and partner up with another investor where they deal with the tenants.

Sorry to jump on the back of this original post but I have a follow-up question to this response.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.

Hi Dean, how much did you really leave up to your property managers after purchasing a home when looking to scale?