Thomas Marshall I am sure it is, the challenge will be what position are you in 1st or 2nd and if your 1st then getting s lender to be in 2nd with 100% equity will not happen and then if your in 2nd your money is at high risk.If your looking to be passive either be a hard money lender or invest in mortgage notes.

Does anyone see any positives with this deal?

Numbers above don’t include cash flow negative but income positive Minnesota lake front future retirement home with $440/mo hoa and 15 year loan.

Also if you depreciated the property you sold there will be taxes on the amount you depreciated.That being said I am a huge fan of paying for homes in cash and having a positive cash flow right away, but not if you give away decades of profit in taxes.If it were me, I would look for a multifamily home/apartment for the amount of your last loan + profit that gives you a good cash flow in a broad geographical location.

Rule of thumb is you want to keep that ratio below 35% for a positive impact on your FICO.  

We each have our position and no debate will sway the other side.

He has 5 markets (MSAs) he invests in and it was interesting listening to him talk about each market and what's cooling down and what's warming up, what's better now in a more defensive position versus aggressive positions. 

Hello all-I’m trying to turn this temporary setback into a positive opportunity.

I can walk you through what I’ve done so far if you want, just PM me.With your starting salary and savings, assuming you have little or no student debt, you’re going to be in a fantastic spot to begin.

I've looked at the general sense of income in certain areas around the midwest but are there specifics on how to exactly to analyze the particular cities job growth, base salaries, and rent to income ratios?