The EIUL will cover the stock market but I am a huge proponent of asset allocation even though I focus on real estate and notes.

I have lent pretty much my entire allocated RE budget on this project.

Realistically, with taxes and vacancy realized it does not appear this has cash flow worth allocating 150k.

Funds into savings and investmentsOther allocable info...Neighborhood is in fast growing area....great schools, parks, low taxes, etc. n'hood is on the more affordable end of county and city.

We have about $400K to allocate towards real estate activities.  

We would need to understand your rental situation better to correctly allocate utilities to be expensed.You will have many other expenses that you can deduct as wellproperty taxes, insurance, travel perhaps, HOA dues if any, repairs, cleaning, advertising, etcDetermining the tax basis of your rental property is not as straight forward as it may seem.

I would suggest breaking down the allocated purchase price for each property in the offer.

The due on sale clause simply gives the lender the RIGHT to call the loan due upon transfer of title.The exceptions to calling the loan due in the Garn St Germain Act are below....See http://www.law.cornell.edu/uscode/text/12/1701j-3(d)Exemption of specified transfers or dispositions With respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—(1) the creation of a lien or other encumbrance subordinate to the lender’s security instrument which does not relate to a transfer of rights of occupancy in the property;(2) the creation of a purchase money security interest for household appliances;(3) a transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) the granting of a leasehold interest of three years or less not containing an option to purchase;(5) a transfer to a relative resulting from the death of a borrower;(6) a transfer where the spouse or children of the borrower become an owner of the property;(7) a transfer resulting from a decree of a dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property;(8) a transfer into an inter vivos trust in which the borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property; or(9) any other transfer or disposition described in regulations prescribed by the FederalHome Loan Bank Board.

So, you need to be allocating 1/240th of the price of the furnace every month.

Calvo says, “Money that would have been otherwise allocated towards a housing payment is going into consumer spending.”