He never did pay for the car (it was a cheap island beater, that didn't bother me much, it was better that he was finally gone) and the great part about that was about 4 months later I get a call from a debt collector asking for a significant amount of money due to an accident the vehicle was involved in without insurance or valid registration (he never got the title transferred!).

Internet, vehicle, utilities, etc with live in situation on commercial propertyHouse hackingBRRRR expenses Kids advertising feesClosing costs- expense or capitalSeller financing- non compete agreements, ongoing management fee to seller, 1031 examples and timelinesMFH developments.  

I bummed rides with other realtor to the office, borrowed office workers vehicles to show property, used my brothers truck when he was on his north slope work rotation and mostly used my team owners 1972 Chevy plow truck.

If you expect your income to be higher in retirement and you expect tax rates to go up, why wouldn’t you utilize Roth vehicles NOW to get the taxes out of the way as opposed to the ladder conversion strategy later when both your income and taxes are higher?

@Stephen E.A Checkbook IRA is a self-directed IRA that uses special purpose, single-member LLC as an investment vehicle.

We own our family vehicle out right so my thought was to take a loan out on our vehicle and use the money to pay off the rest of the debt.

. - Originally a W/D was not provided with the unit but there is not a laundromat in town and the tenants don't have vehicles.

@Yamundow CamaraThe majority will advise you to use leverage considering that is one of the most powerful advantages of real estate versus other investment vehicles.

Other than an STR, I'd challenge you to find another investment vehicle/real estate investment that provides that, PLUS a roof over your head.Add that to the macro points from @Katherine Serrell and you're talking about some serious dollars a year of direct benefits to your net worth.

Or- better yet-  come up with the $8k somehow with a vehicle title loan or something so you own it outright.