Any other pros or cons to this method of investing for at least getting started? 

Quote from @Michael K Gallagher: This is my 1,000th post, and its taken me about 7 years to get here. 

Instead of keeping them, I'd look to sell them and buy something more suitable as a long term rental.If you want to know why I have such a strong opinion on this, just google the following: - HOA Special Assessment - Florida Condos 2024 - search for news on the new laws - Zombie Condos

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

It worked out well for me.  

Low out of pocket cost. 

That is important to know as you may have to pay that cash out of pocket.

While she is not entitled to my income information, she is entitled to his every year.

And the downstairs tenant will move out next month. 

Alright, now that the house is locked up and the paperwork is out of the way, it’s time to get messy.