I highly recommend a book called Foreclosures Unlocked by Matthew Tortoriello and Kevin Shippee.  

@Philip AndersonMultifamily properties in Ventura can perform well due to the area's high rent demand, but inventory can be tight.

If you do not report these earnings to the IRS, you can incur IRS penalties as high as $580 – for each worker ($290 for not sending it to the IRS + $290 for not sending it to the contractor)!

. - Prices are too high- Prices are falling- Interest rates are too high- My Cousins, Mothers, Sister told me that Real Estate is too riskyThere’s never a “perfect” time, but everyone wishes that they started sooner.

One thing to consider is whether a two-family twproperty might provide better cash flow than a condo, especially with NYC’s high costs.

Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that. 

Quote from @Tom Hall: My mortgage rate is very high  and I would like to pay some of it off, so that my monthly payments would go down a bit, I dont know if it is financial smart to do it or not?

Hi Elizabeth - I know how tough it can be to manage laundry for a 6BR rental, especially with high-quality linens and tight turnarounds.

There isnt any one magic "cheapest" loan - it will be highly specific to the deal.

Other advice, especially that pertaining to tax benefits, is also highly appreciated!