@Beck DeYoung  you are facing a simple math problem here.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

There are so many forum posts from investors who buy a random property thousands of miles away based on recommendations from people they don't know and unrealistic spreadsheet math, get crushed by capex, and give up. 

Hey Cameron,Sorry for the delay,  in math terms 6% is 1.5 times 4%.However, for tax purposes it is not that simple, for your primary residence you get a lot of tax breaks such as not paying for schools, and an exemption of the first x $'s etc.  

Do the maths. 

I'd do whatever the math says works best, and don't fall for the low rate 1st fallacy.

I did the math and they'd owe us $130,000 if this stands.I figure they will fight this order with everything they have.

My goal is to partner on or syndicate a parking garage or lot in a secondary or tertiary market located in the Midwest, Northeast, or South by the end of this year.

Quick math I think you will have a very low monthly ROI.

Specifically will this property require a secondary form of egress and if so, can the architect provide this in building permit  plans and does the change of use trigger the need for an NFPA 13R sprinkler system?