A FSBO sign popped up on a house walking distance from mine.

A FSBO sign popped up on a house walking distance from mine.

I just do a sanity check on mine once a month to keep current.Its usually on a few pages and automatically aggregates into a  nice balance sheet showing debts, assets, and owners' equity. 

if you're over 20% equity and in good standing, there is no reason for them not to agree. i cancelled mine as soon as i hit that on my primary. don't need to prepay a nanny to do this for me.

There is so much cheap money floating around now that I suspect the game is no longer just about cash flow but about sheltering good debt.Any available real estate is likely one of the best shelters of cheap money.Since cash will almost never be this cheap again,it's common sense that hiding as much of this as possible today even in a marginal deal is a no brainer since the same cash may cost triple the interest rate within the next decade.It beats burying it in the front yard.And neither Gold nor crypto cash flows.Happy plunging inventory !

I am finishing up the renovations on my first rental property I purchased with a partner of mine.

That was a first for me.His home was worth 320k as-is and mine was worth 200k, but his was paid off and my mortgage was 115k.

Your thoughts mirror mine!

Since you said turn-key new construction, if coupled with high demand location, you may end up keeping most of the $ reserved for maintenance and vacancy in the first few years.Your situation is similar to mine, saved up some cash and trying to invest while holding a full time job. 

There are still quite a few little pockets of downtown that I know will be gold 10 to 15 years down the line.