I think your response has been fair and you've done your part.

On its surface, my plan seems fairly simple, but I'm not sure if the properties I am looking for actually exist.

First, I want to preface this analysis by saying that I am fairly new to running reports and I have not spoken with a bank nor have I been pre-approved for any loan, still I have good credit so I made a conservative guess on the interest rate and loan points.

I believe what you need is an equity partner will they take a huge amount of equity that depends on how long you have been in the game, can you put any skin in the game.

Hi Account Closed, I am fairly certain that you can claim depreciation on your condo, as I own one and have been claiming it.

The cost of living and the population is fairly low (5000 people in the town), so I’d like to have a basic market study done to help verify that there is a need for this.

Would imagine you would have to put up panels over them but they are fairly thin and work well.

@Jonathan Bowen In WA State a bonus is legal and fairly common.

Aside from legality, I am fairly certain this scheme will not work.

Note: the local bank may want you to have some skin in the game so it is likely that you will need to put 10% out of pocket.