Because they are so light and because of their shape they can float in the air for long periods of time.

It is best if used and payed off in a shorter period, rather than holding debt for years.Another option you have is to take out a traditional loan for what is needed to payoff your debt then open a LOC on the remaining equity.

@Mike Dorneman You may want to step back from investing and get back to educating.

And along the way during the 45 day period they have boots on the ground in Cleveland, Memphis, and Jacksonville. 

If you have a tenant that calls for every spider and lightbulb, educate them on what is an appropriate call or get rid of them, it’s not that hard.

Small price to pay for the education you'll get, and the rates should be very competitive if you shop it.

I'm thinking this is probably a pass but want to use this as an opportunity to educate myself as well.

REI has historically been very competitive.Cash is not king in real estate investing...deal flow is (lots of it).If you don't start now, you will have no experience or relationships if a correction occurs.If a correction occurs, lending/capital sources can dry up.Investors over-estimate their ability to pull the trigger when prices are crashing and there is no end in sight.If you can generate even a small positive IRR from real estate during an economic recession, idle cash is the risky choice (and is very costly over long periods).All properties and markets will not loose significant value in the next down cycle (real estate is local and good locations will always perform well).Investors can add as much or more value to a property than the potential loss of value in a downturn.If we have capital that we have to put to work, prudent real estate can be the flight to safety.I don't like investing into a hot market but sitting on the sidelines for years is not a viable strategy...just have to be really careful.If you are a market appreciation only investor, ignore this post...that can require some market timing.Interested in everyone thoughts.

Hello BP members,I will be moving to San Diego in 2 weeks to attend SDSU to continue my education on real estate.

I suppose I could lease-option the property for a shorter period, lets say 3-5 years, but I would still want to take over the mortgage, so that I can benefit from the rapid pay=down of the balance.Thanks in advance for further thoughts.Bill