Today one of the local furniture companies had an ad on tv, temporarily reducing their prices by 30% because of the economy, and will go back to standard pricing when the economy returns to normal.

So they throw all the rents and even extra capital at the mortgage to eliminate it in 7 years.If you owned 2 rental houses that each cash flowed $200 a month with $1000 underlying mortgage payments...use the $400 net income...and prepay one mortgage until it's gone...maybe even dump your $100 month Cable TV and add another $100 a month to it...the loan is gone in 7 years...Now 7 years later...rents are higher cash flows are better...so each house now rent for $1500 a month instead of $1200...and one has no mortgage...so you can use $1500 plus $500 or $2,000 extra toward principal on the second home.

Currently a graphic designer and a home renovation/flipping TV show junky.  

I believe I read somewhere you can find an investor to sign onto the deal for a couple points in equity on a non-recourse loan to satisfy the banks net worth requirement, which would be a win-win, but I can't really see how the bank wins, or would let that fly, honestly that advice sounds like some late night tv commercial guru stuff, but I could be mistaken. 

I can be available for a phone call at your leisure!

Lots of "flippers" who watched one too many TV shows bidding up the prices so pretty low profits and probably not worth traveling for.

Made the house from a 2 bed 1 bath to a 3 bed 3 bath, so it has appreciated quite a bit since I've had it.Not sure I follow your tax comment but I don't really plan on selling the place since I want to end up with lots of passive income from rentals to make sure I can keep doing the work I love in film and TV.

Turn off the tv.  

By the way when you see these TV commercials offering "free consultations" it is not because lawyers work for free.

Feel free to poke holes in this at your leisure.