I began shopping for a large construction loan to build a new car wash on the land. 

"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.

started the interest rate at 8.5% and wrote in the contract that their interest rate will change anytime my bank loan's changes (every 5 years) and will always remain 2.5 interest points above...for what it's worth...i have another under contract that hopefully will close soon..i'd be interested in hearing about this wally wrap as well bryan...what was that?

Sell your car and get a loan on a new car.

I see you did a loan sizing down below on your sheet, but I'm thinking that's on current NOI and not on a 7-year projection.

Are you using the 10% down second home occupancy loan?

SonuI have lived in Final for 6 years.

Finally, even as the landlords cash flow increases, depreciation should keep a major portion tax deferred. 

You could build a new one every 2-3 years and move into it as a primary so the bank would be more friendly with your loan.

If I were to approach a seller of a $200k home, and they had a remaining mortgage of $100k, could I get a new bank financed loan for that $100k, and have the seller finance the remaining $100k of equity to me?