Want to dig deeper?

@Greg Dickerson @Michael Le Just thought of another question, when a residential lender sees the K1s in my tax return, would they freak out when they see the huge depreciation or deep dive into the deal structure to find out my role/liability? 

Hey Nick, I'm new to multifamily REI and I am looking to dive into the sector.

We'd really need to look deeper into things and diagnose your situation beofre giving you any solid advice. 

But I'm the one who is in deeper debt.

Obviously understanding REI and building a car are different but the point is I do my HW and I dive in (too much sometimes).

I am not a REIT or a large syndicator just yet, so I do not dive as deep into market analytics.

Should we continue making high payments into our current home, and then pull a second mortgage out to begin our rental properties - or should we just save the money outright until we're ready to dive in?

If not, you may be faced with the economic reality of a real estate shortage in many areas, that will cause properties in foreclosure to be sold at or very near market rate if they get to the auction block.Yes, foreclosure "deals" (preforeclosure, etc.) are still out there but there is less meat on the bone than there was in previous markets and, there are many other players working those fewer deals that are left, that have been doing it longer, and have deeper pockets.

The thought of flipping for our first investment is a little scary but looking to dive in soon, if we find the right deal.