I live in a super hot market and am using some equity to invest in other properties, locally does not make financial sense. 

Just purchased my first rental property.The insurance company has a sort of a "Master Plan" agreement with the property management company I am using. 

We have predominantly lived on a support raised income though I am a music performer (classic rock), and did this on the side to help offset the high living costs in Dubai. 

Now there are a few differences from the past;The agent I am using is very new in the businessThe purchase price point is typically below $100,000The message from the sellers' agent typically is "the seller is stating that you have to close by the XX date and they expect you to perform and they are not going to grant an extension!"

He also developed a music district in the city with plans to scale it like Austin TX music scene.

(An aside, only a few people attending these auctions actually buy in the city of Detroit....most go after the suburban properties...I'm sure @Joshua Dorkin would find this amusing!).

The bank I am using currently only ask for 5% down and the interest is 4.75% fixed. 

The 10-12% you are putting back in tax free.Couple questions that I have I want to take out this mortgage for my principle residence - since I will be using the money to pay off credit lines that I am using to fund my real estate investing - would the interest I am paying be.What is the maximum rate I can charge myself?

I am using PayPal business to create the invoices.

I am using a HELOC on my primary residence to pay off a mortgage on a rental property I have.