Bankruptcy will affect your ability to borrow for a long time and unless you know why you got in that position and change that behaviour, you aren't going to be any further ahead.If you think you can save $60K in 5-6 years, you can also pay off that debt in a year and then take the next few years to start saving for the down payment. 

Nothing has changed for now.2024 update: We recommend eFiling for everyone, however starting this year eFiling is mandatory if you file more than 10 forms.2023 update: The IRS (finally!)

Started this investment mainly as a weather change from Iowa in the winter. 

This is something that can easily be changed later if needed.

However some of the "easy parts" of residential change like financing and the term of the note.

The tenant hasn’t been the greatest: late payment with not always paying late fees, multiple complaints from the neighbors, changing phone numbers, ect .

If I ever run low on reserves, I can easily transfer funds from my personal to rental account.

Each change took a meeting, then two different public hearings, then a Board approval meeting. 

Then interview a few of them and ask them if they have ever used strategies that you are interested in and clients that have had success with it. 

I have to imagine it's a bit more negotiating than just purchasing something with cash, since it's essentially bartering @Rene Hosman YEARS and that's if they actually got approved because it had to be so completely vetted to avoid lawsuits after approval. 5-10 years but the stance of that municipality was anti-change, anti-development, NIMBY on steroids, etc.