Essentially all of the numbers in either #1 or #2 will be the same except my debt service goes down by $150/mo.Am I missing something here?

I am mostly interested in buy and hold investing and I really like the Idea of possible "hybrid investing" essentially buy and hold, but if the property appreciates (I don't plan on buying properties for this specifically) past the point where I would only be getting .5% current price to current rent ratio, then I would sell and with the new capital find new buy and hold investments where I can get at least 1%.

Essentially I would pay out of pocket for the front end costs and then when financing is in place I would recoup that money as part of the overall $3.6mm loan with my land as 1st lien collateral.

The basement is essentially sealed off from the rest of the house by the door to the first floor being closed.

The key will be how does buying this new building affect your time transacting as an agent for residential.DEMANDS ON TIME.If I average thousands an hour return on my time I either have to cut out those tasks that pay less or employ others to do those tasks for me if they are essential but not optimal for me to do.If it has 50% vacancy the lender will want full recourse against you and your husband. 

I used this to get a bank loan on one of my apartment buildings and my lender told me it was the best package he'd ever seen.http://www.landlordsoftware.com/landlord-cash-flow...I've been using this for five years and its become an essential tool for putting deals together and marketing to investors.  

He also said that bedroom doors should be left ajar to avoid a box effect in which the blower is straining to blow cold air into what is essentially a closed box when a bedroom door is left closed.

Our typical client for this service is an out of state owner from New Jersey, New York, Massachusetts, or even in state in Connecticut that either made a mistake when hiring a certain management company or super who has essentially took advantage of the owners trust and ran the property into the ground.This is where we come in. 

Also, any suggestions as to any essential clauses a wholesale contract should contain?

This is usually when investors find their way to an independent insurance broker to essentially take over the management of all your insurance policies.