Hello Rick,It sounds like you have an interesting opportunity with a property under contract in a small town near Corpus Christi.

The seller credit sounds reasonably--I wouldn't let it hold up the deal if you really want the home. 

@Steve Vaughan Thanks, sounds like you're doing great yourself, so keep it up!

Since you're interested in expanding your portfolio, the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat) could be particularly effective.

Jumping into real estate investment, especially at such a thoughtful and exciting time in your lives with a new baby, sounds like a great move, especially with the equity you have available through your HELOC.

@James CuellarThat sounds good.

Use the spreadsheet that I suggested above to see exactly what the effect of principal pay down is.

This sounds like a huge win as a landlord but how do you transition the units to this without seeming like you're trying to pull one over on the tenants?

Can we structure the loan so that no interest is paid for 2 years and thus no effect on their taxes for 2024 and 2025? 

Sounds like standard Guru BS to me......