If you wanted to give her an extension, it should be at a higher rate.  

. $170,000ish should be plenty to help you buy your first rental maybe less and then you can get started faster than the timeline of spending 1.5 years paying off your mortgage first.

I will definitely look into both of these and will definitely be at the meet up tomorrow.

I've made about 10 offers and almost every time, have been beaten by an all-cash offer or someone forgoing an inspection and closing faster than I'm willing to. 

Faster approval, more flexible terms, and less stringent qualification criteria.Tip: Establish a solid relationship with private lenders and clearly outline your investment plan to gain their trust and secure favorable terms.

You will get a better rate and terms, experience, and a faster closing going wholesale than you would going with a retail lender. 

It's going to be at least a billion dollars to get it going again.  

So, if you are in the 24% marginal tax bracket, the depreciation unrecapture will be at 24%, not 25%.There is probably one small "interpretation" issue that you are having with the worksheet. 

I second Don and Chris.Hard money lenders are typically able to approve much faster than traditional financing due to the fact that most of their underwriting is based on the asset--in this case, the house. 

Can you beat that?