Earn respect and trust through action.

Would it be better to use almost all the money earned in a year towards the mortgage and upkeep instead of making a profit?

His selling point was a lower interest rate + your money earning while it's in the CD and borrowing against it.

Dan, my misunderstanding, the 2% -3% return I was referring to was the annual return she was earning on her equity not the % growth of her equity.

It took me years at my day job to earn that cash savings.  

That's in brief ...my opinionAlso, don't forget that Denver is at its peak or close to it so that should have weight in your thought process.Good luck man!

Many ask and are told it is a good idea to rent their personal home, I believe it is vary rarely a good idea.I prefer to invest where my money will earn it's keep.

Nothing in this Note shall be construed as creating a joint venture, partnership, tenancy in common, or joint tenancy between Lender and Borrower.In the event that the holder wish to withdraw any portions (with prior notice) of the principal amount during the term of this note, Holder will waive any/all interests earned and only the initial principal amount will be returned to the Holder.

Here are the reasons.One, the additional income will negatively affect the low income tenant who lives on welfares including food stamp, earn income credit and obama care etc. 

In doing this I earned about $150K in equity from the get go, and I'd like to use the house to build further equity as the area cooks and then 1031 exchange in 2-5 years and buy something larger.