On the other hand, a home equity loan gives you a lump sum with fixed payments, which is more predictable and great for one-time expenses like consolidating debt or buying a rental.

If you don't take that seriously the experience can be a painful and expensive one.

Labor costs are high in NYS so controlling your variable expenses is key.

A cost segregation study looks at a property you own to breakdown the various assets you purchased.The goal is to increase the depreciation expense by finding assets that have an asset life less than 27.5(residential) or 39 years(non-residential).Whether you should get a cost segregation study done is whether you will benefit from the study.Will you be able to use the added depreciation now or in the near future?

Too bad you borrowed the money and started to incur interest expenses before you really needed to.

Explain why you need them to vacate the property and the benefits of accepting cash for keys, such as avoiding the eviction process and potentially receiving a financial incentive to help with moving expenses.

You may be able to find a less expensive foreclosure attorney, but I had a great experience with Manoil  - especially when I went to sell a parcel right away.

Your SOW, challenging projects, expensive stuff, can be tricky unless you have experience and an established team. 

Go for a more expensive property in a stable area with a 30 year note. 

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.