The condo proceeds from the HELOC used as a down payment will not be taxed.The tax will come into play when the condo is sold.

Of course, I had learned to play by the rules a little better by then. :)

It can also be used to track and pay mortgages, taxes, insurance, and other expenses.How to get it: The Empower app is available from the App Store for iOS devices or Google Play for Android devices.Cost: Free2.

Sure the million dollar suburbs are nice if you have that kind of money and are playing the larger appreciation game but dollar for dollar pound for pound when it comes down to rent to value ratio its difficult to find the same kind of cash on cash returns section 8 rental properties offer in Detroit.

I always tell my clients that this time of year can be a great time to get a bargain when everyone else is Christmas shopping and talking about football. 

Hey BP, I am currently playing my last year of baseball at the University of Memphis.

Having two solid paid off investments is more than enough, and I'd argue that it is even a better play for most people than continuing to scale and scale for the sake of scaling.  

I'm trying to wrap my head around working with investment capital long term, and there's also the potential for some seller financing from the building owners, and my cousin is on the board of a bank which could also come into play.

You are WAY too eager to leave your job for investing when investing takes years to deliver a return comparable to your job unless you have a bank vault of money to play with.

In your situation the OA is going to play a more substantial role because you have a partner.