We don't write off any expenses.We are hoping to get a second home loan for the property because we were told there are options for 10% down payment and the rates will be slightly lower than an investment loan or DSCR loan.

To show a very high-level example, the IRR on a $100,000 investment that returns $10,000 per year for 5 years is higher than an investment that returns nothing for the first 4 years and then provides a $50,000 return in year 5.

There's nothing worse than an entitled individual, tenant or not. 

We are not trying to be aggressive with his money, just believe that a cash flowing property will be a better investment than an annuity for him.Thanks

@Jeremiah Miller When you draw on the line of credit, your HELOC, once you exhaust it from buying assets........INCOME PRODUCING assets, not boats or toys..., you should or could refinance that heloc into permanent financing.  

The inspector came documented the panel model #, confirmed that there were GFI's in all code required areas, exhaust fans to outside vents installed & dedicated circuits to all appliances, as required by city code.

You just need to vent the exhaust air outside, and maybe bring in some make up air or bring in combustion air actually. 

It's exciting and exhausting at the same time.

Now you have a very clear idea of what you want to buy.I have been an investor much longer than an agent and so I work quite a bit with Milwaukee investors.

Another time you might show one house and then get to make a successful offer all in less than an hour.