I feel tenants would be less likely to take great care of the property if they realize they've already lost out on 1/2 their security being returned.

@John Wallace This is in relation to the deductibility of interest on the borrower's individual income tax return as an itemized deduction (Schedule A).If the proceeds from an equity loan are used to purchase another investment property, the interest will be deductible against rental income.We have to apply the tracing rules when determining the deductibility of interest payments.

(I get it - I've done this multiple times myself, but you need a friend in the business to write up the bid because they are doing you a favor with no return)If you're able to keep these things in mind when talking to one, you might be able to mitigate some of these obstacles and actually get one out there.

You'd see better returns via refrigerated ac and clean units.

I think he would need to charge me for 2 returns?

Brandon mentioned lowering the offer and something else I can't remember to arrive at a purchase price that'll give closer to a 12% cash on cash return.

I want to work with partners who understand the value of a contract projects everyone involved and serves as the safety net when our memories fail us.

On the upside, 3.5% down means you don't have much cash in the deal, so even minimal cash flow might be an okay return if you can keep expenses low enough.For a duplex in the midwest, I'd personally want $200/door net cash flow.

Either return the full last month's rent to old T or delay turning over occupancy to new T until old lease is up.

I then type 2-4 unitsUpon adding the units to the search my Count goes to 0I have also tried using the entire state as my geographical area and that result returns over 22,000 hits.