But as long as its not directly in the flight path, it will be okay. 

Based on income alone, I could buy a 30k lot in sky harbor and build a 2 bedroom 1,400 sq ft cabin that generates 50k to 60k in rental income all day long (if not closer to 55k to 65k).   

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

Balloon terms 3/5/7 years. 

How long have you been an Agent, and what seems to be the first investment you would want to tackle and why? 

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Old post, but in the short-term the world changed with the recent passing of HR 5376.

Doing it the right way is cheaper in the long run . 

With rates and lending terms constantly changing, I’d love to hear from those who have recently closed or explored a blanket loan.Which lenders are offering solid terms right now?

The land banker, the long term landlord, the neighbor that wants to expand their home, or the horse owning owner occupant with no other options?