Many years ago I envied a guy we worked with who seemed to have unlimited funds to buy & complete nice rehabs.He then bought a piece of junk two doors down from a Burger King & 2 years after losing his shirt on renting it to students Burger King wanted to expand their parking lot/drive thru & they were offered 3x what they paid.Then the funding guy was revealed to be the current wife's ex husband & when they denied him a bigger piece of the action he blew them into the IRS as nothing was being recorded or submitted on their respective tax rerturns.They arrived home one night to find the investigator (they kept blowing off) waiting in the driveway of their beautiful expensive new build.They certainly got rich quick but lost it & the home to Taxes & penalties.That guy was our maintenance Janitor & he had to keep working until he was 65.

Welcome to the Bigger Pockets community, @Angelo King!

He reminds me of the Polka King (https://en.wikipedia.org/wiki/Jan_Lewan).Am I reading into the numbers incorrectly? 

In 7 years the payment goes away and you will be the king of cash flow.  

And since it was built in the 1920's it could be under watch by the King County Historical Preservation Program... so there's that hurdle, but they would probably welcome someone who wants to restore it to its former glory.

Cash is king!

If the sun explodes, it probably won't matter whether you're a flipper; run a rental property business; or own the local Burger King.

Cash is King.

Cash is King and will make you the early bird in most areas of DC.  

Detroit is a single family home king!