I called the appellate division to check on the status of his appeal and they told me to file a "notice of motion to accelerate appeal" so that was done.

In the last few years I’ve recently accelerated my investment activity.

You don't give specifics of your debt repayment plan, and I'm not asking, but maybe if you've gotten it down enough, you can cut back on the pay-down and accelerate your savings instead.There will always be another deal.Best of luck.

A tax liability occurs when someone uses aggressive tax strategies to save money upfront, like accelerated depreciation.

Figure our your valuable resource (because inevitably you have something that IS valuable) and use it to add value to others who can be or become partners, mentors, etc. and this will accelerate your REI career.

But, do not discount the value of an existing mortgage that you acquired without thinking of the property as a long-term buy & hold and the ability to have a renter retire that loan for you at an accelerated rate.  

I own 11 homes in Madison MS that I bought go zone.. paid 175 to 225k a piece for them brand new for the accelerated tax benefits being an accountant I am sure your familiar ,,, those all rent for 1200 to 1600 and I manage them myself no need for PM these are all white collar no section 8.Your portfolio is not what Most TK companies sell...

Lessee / Buyer may accelerate this contract, providing theterms herein are met, at any time AFTER October 5, 2014, and before the end of thecontract without penalty.13.

@John Montgomery Congrats on getting close to negotiating your first deal...I would say the most important thing is to "know your objective"...There are a lot of great answers on this thread, but ultimately we are all making "shots in the dark" as to the best option for you because it's our perspective...This is still valuable, but can become very confusing because you don't know each person's perspective...MY Suggestion is to know your goal over the next 3-5 years...I will let you know a little about my perspective...I am a Rehabber and Have Been Buying and Rehabbing over the past 8 years here in Chicago...I've been in your shoes...I wanted to be the Big Shot and rehab deals straight out the gate(Little to No Money & No Experience but a few REI Boot Camps- basically No Experience)...To say I've had a lot of Failures during my 14 years of being involved in studying REI is an Understatement...If I was starting all over again, and my objective is to be able to build a robust REI Biz that can allow me to rehab 6-12 homes a year, wholesale 2-3 properties per month, and build a rental portfolio...I would first focus on getting good at one objective first...Generally most people start out wholesaling because it doesn't require the money or experience rehabbing or landlording requires...I would start with Wholesaling...go find 5-10 very good rehabbers and find out their Criteria for a Great Deal...Commit to building Value for them and ultimately a great relationship.With this you will already have buyers lined up, you know what areas to look for properties in, and you can research public record and see what they are paying for properties on the acquisition(and also ask them, but keep them honest by researching public record)...At this point become the best wholesaler to these rehabbers...you will learn a lot just in this process alone...How to evaluate Comps, Repair Values, Neighborhoods, etc...Which a great wholesaler will know how to do...It will make your deals easier to sell...Ultimately I would see which one of these Rehabber will be open to the idea of partnering/mentoring me on how to get into that arena...They may even allow you to follow the progress of their deals...Every deal has its surprises and over the course of 10-20 deals you will get a real life idea of what those surprises are, and even understand the "reason why" you calculate certain contingencies into deals and also what are the most costly mistakes or repairs to look for and avoid on deals...The value of this Experience will accelerate your learning curve...In my experience one mistake for a beginner can cost you a ton of money and even put you out of the rehab business.There is no way you can learn all the mistakes you must avoid by reading a book or taking a 3-day training program. 

The interest rate is slightly higher than a 15 year mortgage, but the payment will be about 20% lower due to the longer amortization.If somewhere down the line you have extra money, you can always make extra principle payments to accelerate the payoff date.Later in your investment career, I'd recommend the 15 year fixed rate mortgage.