The basics such as nails, drywall, 2x4s, and so forth should never come out of your pocket.

6% cap, on multi-family, is an invitation for disaster

Obviously this isn't an option if you don't have a Roth, Lesley nailed the 401 scenario!

If you don't need much, you won't become much.Excuses are the nails used to build a house of failure.If you wish to find, you must search.

I see that attorney asked for audit documents as rope to hang that guy with, he can get more than that through the court later on, so if he pulls anything dodging the request, it's just more nails in his coffin.

Yes, an investor may look for owner financing as they may have hit their cap on Fannie/Freddie loans but we aren’t talking about investor borrowers. 

@Anthony GaydenI think you nailed his opinion into a few simple sentences!

If you have a $200k house that rents for $1k that's a .5 ratio.I look for a 1% as my cap on good areas, then require better as I move further from a good area.  

A town that really wants to, can make you tear the entire kitchen to pieces to check the plumbing and electrical for things like fire stop, nail plates, proper sizing, pitch, etc... personally I wouldn't risk it.Have you made any calls into the town to ask their process.

She hit the nail on the head.