Or a property that cost a little more in a decent area because I am using private money for the deals.

So just wanted to know what some of you all thought of this deal for a buy and hold rental condo.Purchase price: $105,000Improvements to get it rented: $7000Value after improvements: $120000Monthly rental: $1150 HOA: $277Insurance: $60Taxes: $40Interest: $271Vacancy: $115Maintenance: $57.5I am using my Helco to make an all cash offer. 

Interesting, is there a limit on the LOC because I have an LOC on my first house that I am using for a flip deal, and hope to continue to use.

I am using 11% interest and 4 points to factor the hard money loan.

Being in accounting I am used to numbers.

Okay so I am using a generic contract to get this thing in writing.

Plus, most of the time we will be refinanced out, so no choice there but to get the funds back to work - and based on most of what I have been reading, we will just take the tax hit and keep going.Bill - as I am using a 3rd party to handle the sale of the property and setting up the note, does the broker obligation fall under them (I pay a service fee for them to handle it), or something our group will still need to do?

After quitting that, I went back to community college to study music, and I'm halfway through the program now. it's been a lot of fun, but now of course I must seriously consider my financial future if I want to continue with a music career.The good news is that I have a significant amount of change to invest in thanks to a fortunate family situation.

On a separate note, I've been slightly amused by the fact that people assume I'm his wife or secretary.

I am using a small amount (30K) of non-recourse financing on our next purchase closing July 20th.