I wonder if it's one I sold on fourth street years ago (2061 n 4th) 

Quote from @Stephanie N.: Hi Jacob, I agree with the comments above.

Maybe look down the road in the Prescott area if you like N Arizona....

So, BRRRR (Buy Rehab Rent Refinance Repeat) or Fix n Flips.

The fix-n-flip part should be pretty easy and, provided you can document a couple of ground up deals, we can likely help, but that equity component will be a challege for someone like us. 

Below is a summary of the repayment schedule for 360 monthsLoan Amount (Capital) :_______________________$220,000.00Interest Rate (R):_________________________________4% Number of Months (N):w_______________________________360MathematicallyMonthly Payment:$1,050.31Total Payment:$378,112.91Total Interest:$158,112.91 

Quote from @Gabe N.: Don't sweat it.

Rock n Roll bro.

Quote from @Stephanie N.: @Ravi Sivarathri I agree with the comment on umbrella insurance, it's a great first step to help protect you in the event someone sues you.

I'll just throw in this video about Time Value of Money for those that may not be as familiar with FV=PV*(1+r)^n  to really let them get their hands dirty with IRR.