I decided not to go through this route since I had the cash available for a bigger downpayment and wanted to treat it as an investment rather than my personal property(would have to live there). 

With the market being so hot for sellers I thought maybe this would be an interesting route to go down.

Why is a townhome more desirable then a condo?

I will have to go back through each and check.

Hello BP I've been interested in real estate investing for quite some time, my initial story and idea is in my first post, however things have changed for the better and I believe it's expediting my ambitions signific...

Hello BP I've been interested in real estate investing for quite some time, my initial story and idea is in my first post, however things have changed for the better and I believe it's expediting my ambitions signific...

I asked him why he just didn't take out a larger loan or a HELOC and he said he didn't have time to go to the bank to do that.

In no time I was approved of the $50,000 in credit cards to go forward.

From there we also discovered Afford Anything and the BP podcasts, where we realized that we wanted to go the real estate route, while still investing in low cost index funds on the side.  

It is in a desirable neighborhood and according to comps, has the ability to generate positive cash flow.