@Linda Weygant, @Natalie Kolodij I bet can help answer that tax question.

sure but no one is going to not rent that place for picture not being amazing they are good enough in my opinion. i would lean more towards the price being to high. i dont know the area but the kitchen could use a little face lift but if that area doesnt demand a nicer kitchen then i wouldnt  worry about it. drop the price dont pay anyone for picture and bet it will rent.

I would be willing to bet you will make more off this real estate deal in 30 years than you would in stocks with the compound effect.  

These cost are going to very dependent on the area.If I was a betting man I'd say the zoning and permit cost will be more time and energy than financial, but should be taken into factor as holding cost will rise the longer the process takes.

It is great to be a provider of safe, affordable housing, but doing so also comes with difficulties.

You're 100% safe using a HELOC for assets.

I typically view most cities along I-35 as a safe bet but I was wondering if I had any Hillsboro, Tx investors on here.

Currently, the safe areas are Arvada and Wheat ridge which both allows them on investment properties and have few regulations.

We strive to provide a clean, safe, and convenient place to vacation or celebrate special occasions.While this is our first property together, our partnership developed from a Bigger Pockets meetup at a coffee shop in Big Sky, Montana.

If you used your investment money to pay the $36,000 you will have the entire cashflow of $500 per month for 60 months = $30,000, but if you get the loan you will be paying out  $230 per month extra for 60 months =  $13,800 extra, or a total $730 x 60 months = $43,800.For 8%, I would play it safe, keep my cash tucked away since it is very difficult to work and save $36,000 in one wad of cash and use someone else's money for such a low rate.