The difference is paying off the debt is a lower risk alternative.

Taylor's suggestion of a two lease is a good alternative if you can't handle that.

I have previously financed a couple of investment properties in Chicago, IL through a mortgage broker called Guaranteed Rate who found me loans with Wells Fargo and Chase.I would like to switch to an alternative broker due to very low levels of customer service from Guaranteed Rate.Can anyone recommend a good mortgage broker who has experience with dealing with investment property mortgage applications?

You can then ask to use some alternatives such as canceled checks for 12 months for their active credit.

The alternative is primary market research, which means getting the data directly from the source.

Alternatively, selling buying it personally, and flipping it within less than 1 year, the profits are considered capital gains (taxed @ 50%).

(House is vacant and I'm in option period) Bank will budge a bit on price, but not enough to cover the whole repair, Its a unit from 2005ish so I'm guessing I'll have to redo the entire system (coils on the inside, lines, etc) with the new non-freon alternative.

I was convinced of Real Estate Investing as the best alternative over a year ago and am finally ready to get started.For my first post, I'd like to poll the masses. 

We review the property's business income, not the personal income of the investor.Think of us as an alternative investment and commercial property lender you can turn to when you have a W-2 employee, self-employed investor or small business owner who is tough to qualify for traditional loans. 

He/She may have other alternatives for your needs.