I’m familiar enough with my area and rentals and real estate in general that I didn’t just go through and run 100s of sample properties like Brandon Turner suggests but if I get interested in a particular property I do get the information and run the numbers and play with them and create different scenarios to see what works.

If you used your investment money to pay the $36,000 you will have the entire cashflow of $500 per month for 60 months = $30,000, but if you get the loan you will be paying out  $230 per month extra for 60 months =  $13,800 extra, or a total $730 x 60 months = $43,800.For 8%, I would play it safe, keep my cash tucked away since it is very difficult to work and save $36,000 in one wad of cash and use someone else's money for such a low rate.

I am sorry, but can we not play mind games and rather talk about actual experiences of people who have proven strategies in the market that we are in?

Due to the unique offering of the lake access in proximity to Rudolph Music Center, Grand park and the fact it has access to Morris reservoir I’m interested to get peoples opinion on What do you think would be the better play.   

@Max Langlois - smart play.

The amenities, pictures, descriptions, reviews, all play a part in how much you can charge.

Also seller financing is likley a good play here. 

A 200 acre park is being developed that will include a multipurpose pavilion for music and performing arts, 3 miles of trails, a great lawn, a fishing pier, pavilions, multipurpose practice fields, a cricket field, wildflower meadows, 400 parking spaces and other amenities on 64 acres.

I also want to connect with people in my area as well as others, to learn and possibly partner with In the future.Fun fact I play in paintball tournaments (speed ball) almost every weekend.

Agents play a big part, and you need someone willing to fight for you and you deal.