Are you planning to visit the sight often?

These are units I've bought as principle, not as some deal syndicator. 

And that’s when you forgot to count the principle pay down.

While you may not be running a marathon this year, what if you set your sights on a 5K?

Out of sight and out of reach. 

We have private lending up to $5MM (on our first deal) through our connections, so BRRRing a large multifamily property is in our sights!        

So, it'd be a 12 month of interest only payments before full principle is due.So, my strategy is the following..

If the plan is to stay with a commercial loan, the construction finance and permanent loan can be one product, with typically a 12 month interest only period during construction, then rolling into a principle and interest payment afterwards. 

He wants me to make a cash offer sight unseen and I will not be allowed to get inside the property.

I assumed that we would end up basically owing nothing since depreciation, repairs and non-principle portion of our mortgage payment on the house greatly outstripped the amount paid toward principle.The tax preparer said we had to pay taxes on essentially the entire rental payment since our income was basically at 150k.