Decide what's most important to you: keeping your money safe (capital preservation), earning investment income each month, owning an asset that will be more valuable later even if it doesn't produce a lot of return right now, risking depreciation and vacancy in exchange for potentially bigger profit margins?

Also, since capital preservation is key, the loan arrangement should call for interest-only payment.The major drawback is that you need to have a pipeline becuase, like any loan, you will be paying a per diem.These types of arrangements are best put together using an attorney intimate with commerical finance.There are many ways this can be accomplished.

ManuelThere are four very broad subjects that you will need to discuss with a financial adviser:A plan for creating and growing your wealthA plan for protecting and preserving your wealthA plan for the distribution of your wealth during your lifetime in a way that meets your goals with a minimum of taxesA plan for the distribution of your wealth after your lifetime in a way that aligns with your goals and wishes with a minimum of taxesThere are a great many facets for each of these steps.

It's crazy because Newburgh's Waterfront has a lot of potential but the city wont let you build there because they want to preserve the view of the Hudson.  

It was setup by my estate planning attorney and it provides rock solid protection of the assets while preserving ALL of the tax advantages.I know the gurus make LLCs look sexy and tout them as the must have accessory of all hip real estate investors, but they don't really provide the kind of protection the gurus claim.I urge you to seek competent counsel.

We can see from the picture the house has zero architecture to preserve.

We have been past our "Number" for several years, so expanding into this Economic market we weighed more towards Risk Analysis and Wealth Preservation than bigger numbers (debt/asset growth) and increased exposure.

If the donor is a high net worth individual, maybe there should be some estate planning needed to preserve his exclusions.  

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I'm assuming you're coming up with the formulation of cash reserve as it relates the amount of debt supposed to be able to service the debt and preserve ownership in the event of a financial crisis or zero cash flow.