I'm afraid if I'm downwind of you, your mediocrity could blow onto me." :D

Of course the money must be used for med expenses, but you end up saving money on medical insurance premiums and by self-directing the account, it can grow to a sizable account for not only medical expenses in retirement, but an account which can be passed down to heirs.Any thoughts, experiences, etc.?

I need to live in detroit and the minimum time we will spending here is 2 yrs, but it could be as much as 8yrs, depending on where I go for training after med school.

Hawaii is calling me. :D

It's all very interesting to me... :D

You will definitely find quite a few people with a lot interest in real estate here.You just found one for sure, me. :D

It would seem that the same would be true for international loan originators.I'm still not sold, and my state doesn't even qualify so it doesn't really matter to me. :D

Thanks for Directing me :D

Depending on your risk tolerance and skill level you may chose to:- Not cash out refinance as much to leave more cash flow or margin of error so your property still cash flows with enough to cover during rainy day (med risk - med leverage) ,- Refinance just enough to payoff the prior investor (least risk/lower leverage)- Or cash out as much as you can till the point your monthly cash flow is lower or near break even (max risk/max leverage), but ideally you bought so low that even if you get out the most allowable by conventional guidelines you'll still be cash flow positive each monthThe good part is the leverage were discussing is a 30 year fixed (if using agency financing) and predictable so you can focus on other variables.Good Luck~

Like me! :-D