They are effectively the same.  

.:  10% return relatively risk free due to less interest payment and more principle paydown without significantly effecting the leverage ratio.   

With a PM in place, this situation should have been managed more effectively.

It outlines how the couple will handle their finances during and after the marriage, including: Property and assets: How to divide property and assets in the event of a divorce or death Debts: How to allocate debts Spousal support: Whether and how to provide alimony Inheritance rights: How to handle inheritance rights A prenup can help protect both parties' interests, and can be an effective way to avoid court proceedings and minimize the emotional and financial toll of a divorce.

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

Question: When buying an old building (constructed in 1900 with an effective build year of 1960), what should I look out for and ask about? 

Looks like is passed in 2022, effective this year.

Understand how costs effect your deal.

My investment partners and I have made considerable investments in Mount Airy over  the past few years, worked with a number of brokers on acquisitions and can honestly say not a single one has been able to effectively articulate our neighborhood investment thesis which tells you how challenging the neighborhood is. 

Philadelphia has implemented various forms legislation over the years between abatements, land banks and density bonuses geared towards promoting development in areas that suffered from disinvestment and housing affordability challenges with some legislation having been more effective than others.