You have a stockpile of money and are about to start a great career. 

In other words, all the stuff that the government is suggesting you have in your emergency stockpile.

This allows you to stock pile money faster and thus afford a down payment to refi and or get to the 80% threshold bc the property will appreciate 5-6% in 5 years, thus decreasing the margin you will need to refi at.The key is appealing to the overall amount he will make from the sale.

Other materials could be purchased ahead of time today.Read this thread ( https://www.biggerpockets.com/forums/67/topics/123738-stockpiling-supplies ). 

Many linear markets like mine and yours are currently overheated.Be patient, stick to your numbers, and stockpile cash in the meantime. 

Just stock piling until a little cooler.

You do have the likes of AAPL, FB, and other tech cos that do have massive stockpiles of cash, but I bet they're just waiting for good deals and not necessarily hoarding just to hoard, imho.

I guess many never did...learn it that is), I calculate that if all goes well, it will take approx. 5.5 years to have enough cash stock piled away to pay for that roof.But wait, before those 5 years are reached, we had a vacancy (what are the odds?)

I *think* that even if I had MORE than the 25K in 'losses' that I could not write off in the CURRENT year, they can still be 'stockpiled' for lack of a better word to either deduct against future profits or when I see to help offset capital gains.I *think* from how I read it, even if a person had such a high W-2  that they could not take ANY passive real estate losses, even they can still 'carry those losses forward' to offset future gains from operations or sale of the property.Hope that helps, Dan Dietz

I have 4+ years of firewood stockpiled.