Agree with David in nailing things down.I respect Chris' opinions, but on this, I wouldn't say a mortgage is "better" in a partnership.If you're a lender, you'll be foreclosing on that interest, you'll be selling to satisfy the mortgage interest only.

I think @Ann Bellamy nailed it.

After everyone made their guess, we'd look up the listed to see who nailed it, not bragging but I was very good at that game.

Nailed it.

William Robison hit the nail on the head with precision!

Owning free and clear sounds good but is a poor, if not broken, financial tool.The object is to get cash flow . . . not to own a big pile of gold that you cannot "use".My advice is to search hard and long for a 40-year mortgage, variable rate, with a less-than 3-percent cap on the LIBOR and a lifetime maximum cap of 12-percent or less.

I don't consider the cost of a gutter nail to repair a lose gutter.

They get nailed, you'll get nailed.The SAFE Act and Dodd-Frank need to be read very carefully and interpreted only by those with law degrees and more over by those with financing expertise.If you read these regulations you'll see things such as "anyone who makes, originates, processes......any loan......or financing arrangement"Now, a simple question.....who "makes" a loan?

You need to find more recent sales to determine today`s price.Tax value should only be a general guide but by no means any indicator of present value.I always nail down how much I think I can sell the property for QUICKLY.

It is always better to hire GC with insurance and pay a little more than take the gamble because you might have a pro tenant who might step on a nail in a piece of wood the GC laid down and the GC has no insurance guess who they will go after.