I apologize for my misunderstanding, but if you could clear this up really quick...

@Charles Lecky,Maybe I'm misunderstanding the LTV part, are you saying you want to put down between 25% and 40%?

A bill the tenant pays is not an operating expense, but maybe I am misunderstanding your post.

Or am I misunderstanding something?

I may be misunderstanding how the points work, but more importantly I don't understand why they're needed.2.

I'm going to keep looking around locally, but wanted to make sure I haven't been misunderstanding the process the whole time since this is the first time I've purchased a property going into it knowing it wasn't going to at least temporarily be my primary residence.

However, I do understand how some could have a misunderstanding of what you are trying to do, without understanding your background. 

That, I believe is once of the things that people misunderstand, the calculator we use not only looks for standard profitability factors but also analyzes a deal according to OUR lending criteria.

Here is a list of lender who specialize in this field:  https://www.biggerpockets.com/blogs/2810/50272-lis...The bottom line is this: Solo 401k is powerful investment vehicle but you misunderstanding the use of it.

So the winner got the property, but the mortgage was still in effect.There was a serious misunderstanding here.