You will quickly notice the differences from Canada are most notably in the areas of regulation (law), finance, and taxation.

My plans are to use his money in combination with HML to do another deal a two a quarter at a 12% interest rate.

Looking at a house 3/2 1464sqftpurchase @ 180,00020% down probably at 4.5%-4.7%possible rent ^$1000hoa $371 quarterly which includes full maintenance of front yardThere is no way even the 1% rule will apply to this, but interested on what people think on this deal?

Your interest expense after taxes may be different for the cash received, above the loan basis but if invested at a higher rate you may make money after tax, at least it's operating capital.

S-Corp taxation allows you to treat some of your income, usually up to 66%, as a dividiend, so you'll only have to pay self employment tax on 34% of your ordinary income.

Going North there is the Boston AREIA (now in Medford) the Black Diamond REI event in Waltham run by BP regular @Ann Bellamy and going a bit farther @Justin Silverio has been doing a quarterly (The others are monthly) unofficial BP Meetup in Woburn that a lot of locals here have been going to.

Hope everyone is having a great start to 2014......The last quarter of 2013 was rough, lots of personal things that threw my mindset and activities off track.

"cash flow" doesn't include increased equity, its not cash.I understand what your wanting, and you can just add the amount of principal you pay each month/quarter/year to the cash flow report to get what your looking for,,but increased equity isn't current "cash"

The 3rd unit is a "servent quarters" that is detached and is 2bed 1bath, 728sqft renting for $750.

Negotiate a 7 - 8% annualized interest only payment (paid quarterly) for the private money investor.