In a pricier area, or if you’re banking on a perfect scenario, that cheap credit can suddenly get very expensive.I’m curious... if you went down this route, what kind of safety nets or alternative strategies would you have in place in case that perfect timeline doesn’t pan out?

Additionally, they have another property which has appreciated in value, carries low interest rates, but has negative cashflow and essentially feels like it just locks money away.

hi @Jaycee,  the top floor(the one you see on the listing 8915 E Wes Pl Tucson), is essentially a ground floor as far as entering and exiting the home as the bottom floor(finished basement etc) is underneath it built into the other side of the foothill the house is sitting on.  

It is a safety issue. 

Are there any other real estate investing books that the forums would consider essential to a first time investor?  

Essentially lower my taxable income by $117k?! 

You would essentially be working 50-60 hour weeks when combining with your full-time job and the real estate to qualify.If you have a detailed and accurate hours log, it is possible but just note that it may raise scrutiny by the IRS.

Neighborhoods Set the ToneSan Diego’s neighborhoods each have their own vibe, and we’ve learned that tailoring renovations to match is essential.

Essentially ended up screwed out of a substantial chunk of retirement savings and left to find my own lender elsewhere to close the deal.

This provides you with a safety net for any unexpected expenses during the rehab process while also potentially allowing you to secure higher leverage on the purchase price.