Very wealthy awesome people and they really like me......SOOO i explain the situation and they see my track record and BOOM I borrow 80k @ 10% APR interest only payments for 12 months with NO EARLY PAY OFF PENALTY (bless them) and i fix up the house and get a renter in there.

There are over 20 active of us CPAs in these forums assisting Real Estate investors nationwide.

Downside equals some people think they are very dated from the 1970s.

I'm one of the few people admitting to anticipating a real estate crash, probably a market crash, probably a devaluation of the dollar.

If I'm following this correctly, the 1st issue I see is that you have an "active" business (consulting) versus a "passive" business (the rental property, assuming you don't do hands on management, etc.)...this would be a separating line for many people I've talked to about this. 

while you will want to get it rented soon, be very wary of people who can move in right away-why can they move in immediately? 

The only time you need to worry about a refinance or a "Change" in occupancy is if the loan is an FHA, VA, DPA (Down payment assistance) program, Fannie/Freddie Home style that you have lived in less than 12 months.

I think I was looking through people's comments about PMs in SW FL.

This should draw further capital and also people looking to relocate for the cost of living. 

(options to buy down into the 6s but I don't see many people opting to do that).