So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

Yes that’s what I was initially thinking… then I started to structure the deal in my head and it looked a lot more like what you described with a partnership.

Each year, I like to take time to reflect on the prior year and where I’m headed in the current year.

Anyways, I think @Caleb Brown hit the nail on the head.

Even thought we headed out at 11:15.

Like I see how it could work in a perfect world but i cant wrap my head around the idea that I could be making a profit if I still don't actually own the house and still have to pay down all of the loans.

People who live in an area their whole lives (most people), have a certain set idea in their head about the character of different towns and different neighborhoods.

The first misconception is that you can declare a property headed onto the market only S8 eligible, refusing to consider traditional applicants.

I have been assured by the head of the planning group that the restrictions regarding bedrooms, parking, etc. will not apply to anyone grandfathered in.

But Lee Arnold certainly should not have gotten to pocket the money I paid.Chris started a REIT organization in Spokane and heads it up.