Survey of mortgage terms (click to enlarge):From left to right, 1.25 points, 1.5 points, 1 point but $41k in fees.Prepayment penalty: 5 years declining, none, 2 year lockout followed by 10 years defeasance.Commentary/review/discussion: I tried to provide three very different options here, but all still real ways that people actually acquire such assets.

So in the spirit of embracing this new mindset I am think "How can i use the equity we have acquired to invest in real estate and grow our money?" 

This is stated in the tax code under Section 168(k)(8) which outlines the bonus depreciation phase-down rules for property acquired before 9/27/17.

What, specifically, are you doing to acquire ten doors so quickly?

I'm sure I sound like a broken record because I say the same thing in my forum posts: today, investors must get creative in their investment strategy to acquire cash-flow real estate!

In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,

If your profit was only $300K. then you'll pay tax on the $300K and the other $55k would be considered a return of your basis.Ok thanks but what about my expenses for acquiring, renovating and selling the property in LA?

Then, look and see if any properties fit your strategy that you can acquire at that price point.

I'm licensed in OH and could help you acquire it. 

I have been acquiring and self managing for about 15 years.I worked myself out of need for my day job as an engineer about 4 years ago and it has been great!