Even if usury wasn't an issue, I think the note version would be:"When I really start to break it down,I wouldn′t trust a payor who agreed to that high of a rate."

If you get sued for Fair Housing discrimination, whether intentional or not, it's going to be expensive.

Since competition is high and inventory is low on Long Island, I recommend BP members try to go direct to seller which is an active form of building an off-market deal list. 

Although, I am an advocate of documenting and creating systems, in the first few years all of your systems are going to change many times and so are everyone's roles within the company.

Since you want to aggressively invest in the near future, you will need cash and the 30 year option is the right one for you.

I live in San Diego and am trying to purchase my first investment property I have about 150K to put down but am struggling to find deals that meet my price point. 

5k to learn this stuff?

SB-9 allows for lot splits, which could create a chance to maximize the value of the land by creating 2 separate lots.

To go from 0 is "breaking in" the the biz.

I have 2 other monthly loan payments I would like to pay off or lump in with my refinance as I believe with the forced appreciation and normal appreciation I will be able to pay off most my HELOC (5.99%) and all of my Credit Card that is currently at a 0% APR until end of May.