But there are some restrictions on getting that extra 10% off.

There is no room on the first floor to add even a half bath, but I am going to be adding a full bathroom in the basement.

@Stephan Dubissette That sounds great Stephan, let me know if you decide which one ad I will see if I can make it as well.

I went with 500k liability on the property, and added a separate umbrella policy with my existing car/home insurance for 1M, totaling 1.5M.

  (2 years of tax returns business and 2 from personal, P&L statements down to the month, invoices, and since you have 3 extra units make sure you include the potential income you will have with tenants in the property.)

The extra cost is worth the immense time savings, and you'll get a more quality result.MANY other lessons learned, as this was my first deal.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Also just adding HELOC debt for personal use is no longer deductible. 

Multiple changes to the price and adding myself to the loan after my brother did not have enough in his accounts was challenging and ate up allot of unnecessary time.

I made some repairs to the property that added a 3rd downstairs bedroom.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm also a big fan of renting to other military personnel due to the extra securities it brings with it should your tenants do you dirty.