build, rent, refinance, repeat. different strategy but more scalable. land is a buyer's market in most cities in america with more than 6 months supply. in our market in columbus it's more than 12 months supply of land. no one is doing this strategy and you can customize your design to anything you want.

That monthly surplus almost makes it a no-brainer to go for MTR.

This will vary based on region but in general 2 – 5 points, 9% - 16% APR (meaning this is the annual rate so divide it by 12 to get the monthly interest amount), and documents fees can be from $600 – $1,900.

The general public thinks of “notes” as a passive investment collecting interest every month until maturity.  

If a client complains, you can always make a quick call to boost it for the month and then revert back, but I have never had to do that.

. - Minimum work history: 1 year (please provide references and pay stubs for the past 3 months; if self-employed we can discuss alternatives to paystubs)

As another poster mentioned rates are lower than they've been in the previous 18+ months but unless some very surprising economic data comes out between now and when you did your refi it seems unlikely that rates are going up in the short term and there is at least a decent chance that rates drop a little more before then. 

As long  the tenants pay the rent each month, increasing their rent will be very tough and getting them to leave will be extremely tough. 

  $1mil in Frisco probably gets you $5000/month in rent. 

I actually ended up going through a big career change, and attended a 6-month bootcamp to learn Software Development after 7 years cooking professionally in fine-dining kitchens.