This is also why the amount of cash you need is 40% of the loan amount - the closing costs are disproportionately high compared to the loan amount because it's a small loan. 

In return, they will be motivated to get a job and pay back every dime owed while lavishing you with praise.

Also obvious to me is this property will not produce a return that warrants the effort. 

If you are looking to expand your knowledge I highly recommend the webinars BP offers. 

Done right 2%/month return on asset value is possible. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

While the 4% mortgage is great, your 1M in dead equity isn't giving you a great return.

If you live in a high cost of living area, investing in more affordable out-of-state markets can be a great strategy.

Traveling for middle school and high school is easier because you can give your kid more freedom around the city.

I bought vacant land, built a spec home and sold it to an end user. I know that interest on the acquisition loan can be included in the cost basis since it’s inventory. But what about the interest on a cash out refina...