Hopefully they can put you in touch with local people who are experts.Good luck.

Of course, talk to CPA as they said previously. also ask if you could collect rent and put in a money market or something for her as a forced savings. 

You can always buy it with 3.5% to 5% if you plan to occupy a unit but if not ensure your putting less down.

You wouldn’t need to put as much of a down payment down and furnishing wouldn’t be necessary.

So at the refinance stage, you could be borrowing more money, at a higher rate, with amortization put into the loan, so the property is now negative for cash flow.

I bet that electric bill will be HIGH with that put in.

According to the managing broker, if I put my head down and worked, I could make $15,000 in my first 12 months, give or take, because of the process of getting my foot in the door with meeting people, advertising, and so forth.

This is because you can theoretically knock that one out sooner, and then put even greater force against the next highest balance until you've eventually got them all paid off - which is a great goal.

IE: if you put down 3% on a $400k home ($12k).

I bought it $135k and put $40k in so should be a nice brrr :) Rates are awful right now though so probably going to wait 3-6 months as its on an interest only currently and bank said fine holding note until I want to refi.