That is REALLY bad news because dryers generate a huge amount of humidity and those damp spaces are an invitation for mold and wood-rot problems.  

I'm looking to get to my first couple of sales and I heard here is the best place to look for advice. I'm in the Providence RI area, I've been using deal machine to virtually d4d, I am trying to find the most efficien...

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

In other words, are you looking to make 80k in the next year, or are you looking to create cash flow that will continually generate 80k annually (and create a portfolio within a year that gives off that cash flow)?

The 2,500 would obviously not compare to tax deductions generated in the thousands.

I think most real estate agents won't waste time on buyers who are "coming in with an offer well below asking" with their main justification being they want to pay less, fishing for that rare seller who will randomly accept a much lower offer before dropping list price first to generate competition. 

Let's see any example of where it's generating more money in dollars.

Conservative debt is a tool to generate higher returns and build wealth.  

This is also programmed into our PM software, so it happens automatically.Our lease also states what rent will be applied and in what order and also a security deposit.So, you may want to check these documents to see if this is covered with your PMC.While we always try to be fair with our clients, we also have to generate enough income to pay our bills. 

For me I'd like cash flow so I'd buy a place to turn into an airBNB in an appreciating city here, and generate enough income to buy another in a year or so.