I like it because it keeps my money working for me in between finding deals, so I don’t have cash sitting on the sidelines getting chewed up by inflation.That being said, if you have equity from day one.

Our end goal is to get it paid off for cash flow and use the equity to buy another house.

So, did you put more than $30k in cash in the deal as listed in the investment info?

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

I just don't think you can expect a property to cash flow when you're putting 3.5% down.

The cash flow improves quickly, but the cash flow is so negative on retail purchases that it will take years to reach cash neutral.  

Interest income is interest income, unless you decided to roll some of the current cash into a self directed IRA at which point your interest income would be deferred for a later time and allow your funds to grow tax free.

Any unused funds from the engagement fee are typically credited to the borrower at loan closing, reducing your total cash to close.

Have a current cash out refi DSCR loan but my lenders won't approve because property is being used as padsplit.

but it's not a mailbox money / cash flow situation.