We have a pretty aggressive time table for our investment strategy, so having to wait three years to purchase a property is something we'd really like to avoid. 

Typically furniture would be an asset depreciated over a number of years... but when you buy a dining room table from Goodwill for $35, is that something that could immediately be written off, or would it still be depreciated due to its category of being furniture. 

Typically furniture would be an asset depreciated over a number of years... but when you buy a dining room table from Goodwill for $35, is that something that could immediately be written off, or would it still be depreciated due to its category of being furniture.

The minute someone questions my age let alone my credentials and skill level they are usually a waste of time.Move on and work with people or opportunities that understand and recognizes the value you bring to the table.

I am also working on the construction loan ( a better deal than what he has on the table) so I will be able to essentially ensure I get paid back.

@Dana Powell You are not obligated to follow through with the transaction until you have signed the papers at the closing table! 

He would've been told this information at the closing table by his loan officers.Let's not jump to the conclusions that the mortgage company is the bad guy before we even ask via a written request to remove the PMI :)

So we have a few options on the table to consider: 1).

You're leaving over $4 grand on the table annually by not adjusting to the market, 

Then what does he bring to the table if its almost the same as you then not really worth it.