Any one of us could give you our two cents on the math of it, but only you can decide if it makes sense based on what your specific goals are. personally, i paid points on my house because my goal was lowest possible monthly payment.

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

It seems that NNN properties get their valuations based on the tenant and the NOI.

We’re based in Reno/Tahoe, so feel free to reach out if you’d ever want to chat. 

Louis, Missouri-based property manager seeking investors and opportunities to property Tenant screening, lease negotiation, property maintenance, rent collection. 

However, rental losses could be limited based on AGI if you file jointly.

Ymmv based on your locale and who you are talking to at the time.

Onslow County is home of Camp LeJeune (Marine base) so there is always a big need for more LTR rentals.

I'm a local, CT based investor, flipper, and property management company owner.  

Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project.