JACKPOT!!!  

One more point is we still have lot less expensive house in USA (Except New York, California) in comparison to other countries like Canada, Australia, China, Europe, India etc... we have most liberal mortgage terms like 30 year fix interest etc...

For a business owner with $100,000 taxable annual income, the net tax savings for using an S Corporation instead of an LLC in taxes paid every year can be as high as $7,500.Holding PropertiesWhen holding properties as a cash flow investor, the LLC (or LP) is generally the better choice because an LLC has more liberal distribution rules.

and of course the advice:)It sounds like it's going to be an exciting and liberating adventure. 

It feels so liberating to keep only the things you love and ditch all the junk, doesn't it?

Nope, that insight only goes to folks with a little loyalty because I know that if they don't close on this one with me, they will close on the next, so I may as well let them know that the appraisal isn't credible to me.With jumbo: each private end lender is deciding for themselves how conservative or liberal they want to be with their guidelines, and processing/underwriting speed too, and then adjusts interest rate pricing (risk based pricing and/or paying overtime to underwriters) from there.

:Thanks to New Jersey's Anti-Eviction Laws, Liberal judges, short-staffed eviction courts and tenant-friendly Courts, it took over six months to get rid of the occupants. 

Before anyone cries foul, consider that the investment property mortgages with the more favorable / liberal math are typically at 25% down, whereas owner occ are frequently 3% to 10% down.

We often rent to people in transition-- that would also allow you to get a look at our neighborhood, where I would literally buy everything if I could-- 3 miles from downtown, near the hospital, 1 mile from 85, it's a jackpot in the making as the market goes up

My all in to get to this rent, being very liberal, is $135,000 (initial purchase plus needed repairs/replacing appliances).