With a 15 year note, everything else the same and assuming self management, your cash on cash return falls to 2.4% and the property generates only $1200 a year in true cash flow.Sorry for typos, no time to proofread, have to jet.

I lived a year in MS  and its like living in a petri dish  LOL.. and when I get off the plane in Houston in the summer the smell of dank moldy air permeates the jet way right off the bat...

@Eric James  actually going the other way probably retire from flying myself around started in late 70s  have not dented anything .. only scared the be jesus out of myself a hand full of times.. there is a reason pilots have to retire at 60 to 65... its a young mans game.also all these new on demand jet ride shares are looking pretty cool.. once I decide what and where I am going I do have the jet smarter app and when I get to Vegas I may start using that.. its pretty economical really. if you use it once a month its no more expensive than what I do now which is buy a first class ticket.. 

Anthony this was the same thinking that sunk thousands upon thousands of landlords doing this exact BRRRR cash back minimal cash flow.the cash back went to buy a jet ski not reserves  LOL.. 

Chattel for EquityUnlock the potential of your old stamp collection, jet ski, or RV.  

I only lost about 10 million from 08 to 2011... but hell who's counting   :)  it seems like the dark days and I can laugh about it now.. but I had to say good by to retirement... the Jet I had on order and a many other things... 

The only way you would know is if when they go to the airport they go to private aviation and jump on their jet or they go to the terminal and jump on Southwest :)

I fly in to town on my jet and roll up in my Bugatti....... thought all LL did that since we are all rich AF right?...

The majority of the people you come across with expensive toys are all flash and no cash working their tail off to impressive people they don't know and who don't care.Another example; my uncle always had all the toys; boats, jet skis, awesome camper, expensive truck to tow it all.

I'd rather take a nap than fly around in my jet doing seminars or overseeing my billion dollar portfolio or whatever.