This business isn't for the faint of heart and that is why it can offer so many great rewards.

Then, in the future, if you saved more than you thought you would, or had a change of heart, you could always just pay off your student loan and/or car then.

I think there is less competition in the surrounding areas than in the heart of Albany.

If yes and you have your heart set on a local CPA, my advice is to ask local investors for referrals.If no, it's not the opportune time to try to court a CPA for work that will take place more than 12 months in advance. 

With a flat 75%, it would be at a 2.0 for your DSCR (.75*24000 / 9000) with your example.I would have to agree with your last statement.Originally posted by "EZLoanz": Shortcuts lead to expensive mistakes as this example clearly indicates---nothing replaces due diligence and knowing the numbers… Your heart was in the right place, though.

While I have a place in my heart for the people of California, especially given what they've been through recently, I sure hope the legislation that people complain about there doesn't follow them. 

My heart nearly stopped.  

It’s heart warming to see so many people like you guys out there are willing to give opinions to help others out! 

I greatly appreciate all the help I can get and will take your advice to heart! 

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