Check with your attorney (I'm not one).David J Dachtera"Success is not a destination.

It's a very big tourist destination right in the heart of the mediterranean.

Even a pilot flying his plane is off course 98% of the time but he gets to his destination.  

Maggie Valley / Waynesville is truly a year-round destination that attracts lots of families and couples- the best STR renters! 

(if all goes well during those 8 years).Take that $50k back out in 6 months (usual seasoning period) through a refinance, and invest it into the next deal and your original property gets only $5000 ncf per year, but that's $5k ahead...not behind...and...you get to double that on the next deal you're putting the refi cash into...so at the end of the year you're looking at $10k in NCF, while that "all cash in" investor is still cruising at only $8k/year.  

Also, I just got my real estate license here in Illinois to assist me with my goals.My long term goal is to have enough passive income through rental properties to allow my family and I to cruise the Bahamas and Caribbean on our sailboat as much as possible.

West Michigan is great.If you're looking for advice, you will get plenty on BiggerPockets... just start cruising the forums.  

The Holton Wise Property Group was on cruise control getting things set up and getting a tenant in.Along the way I really wondered if I had lost my mind.  

That development is going to be another destination area for downtown with a grocery store, apartments, restaurants, and shops and is going to be nice but it will put more pressure on the rental market.  

I'm waiting for shuttle to cruise ship so limited on time.1.