So the $108K loan will cost you 5 pts. or $5,400 to pay it off in the first 12 months.

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

Purchase price: $140,000 Cash invested: $22,000 Sale price: $180,000 Moratorium expired a few months before closing and I inherited 2 tenants couldn’t get into the property for 3 months!

It lists for an average $250/night which brings in $7500/month. 

The baseball season lasts 6-7 months, and I am given free housing during this time, wherever I am currently assigned to play.

I'm still finding myself chasing them each month. 

Your loan will be $1,100 a month, add insurance and property tax.

Hi Jack, there's a lot of old stock - I've traveled there and seen it myself, but word is out of Syracuse and it has shown up in various BP "lists" over the past 12 months as well.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

I was preapproved with that amount before, but it was for a single family, primary residence about six months ago.