A Company called Gold Star Finance and James LaPushner - Following is their company into :James LapushnerManaging DirectorGoldstar Finance, LLC.4465 S Jones Blvd, Las Vegas, NV. 89103.Tel; Fax Number: Website; www.Goldstarfinancellc.comBE WARNED - the company looks 100% legit - we did extensive due diligence - they checked out.

That insurance lesson is gold, props to you for keeping perspective and having a solid team to help you navigate through it.

Do the homework on a DSCR option as part of your original analysis.Thats the other thing--yes you may carry more in costs, but your risk profile on an A class hood is much lower. 

I'm not terrible afraid of being 100% leveraged but carrying the total DS on the HELOC and mortgage is making it tough.

Even if you believe you can stomach the monthly payments, paying $20K a year to carry a piece of land based on the information you shared is not recommended.

Quote from @Carrie Young: Quote from @Sam Wilson: Basically- As investors, we're hosed.

New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over from seller) will remain investment; I will move into (currently empty) 4th unit AND USE as primary residence with primary mortgage.

@Irina Badal The best way to protect your rental investment is to carry adequate insurance. 

Yet investors expect a PMC to do all this extra followup for free because they think the program is "gold".We've always accepted S8 tenants and have no plans to stop.It's a decent program if the investor understands the limitations and challenges.Otherwise, it's "fool's gold".

i am totally impressed with the way 'guru' out there trying to influence people promising there's a gold cave somewhere from 'infinite banking' to 'my own the greatest system ever' :-) I bet they save their money in the crypto token as well.