This allows you to have all the financial security and easy access to your cash, which real estate does not, as well as affording you much higher returns than simply having dead equity.The same would apply to paying down your own home mortgage, all you save is the mortgage interest. 

My name is Willie Francis and I'm  a newbie to real estate investing, I’m working a full time job for the Railroad looking for financial freedom thru RE my goals are investing in Rental Property in the Houston area.

The buyers inspectors literally praised the work we had done throughout, but a week ago the CL-100 wood infestation inspection came back noting a small bit of non-structural exterior sheathing damage along the bottom of the back wall behind the vinyl siding due to moisture :( The good news is we are 99.9% sure the issue was caused by rain water coming off of the roof and landing in an area that had standing water before we brought in some dirt and gravel to resolve the drainage issue during the remodel (townhouse is on a slab). 

The property needs to stand on its own with decent numbers.

You will need a personal financial statement and provide two years of your personal tax returns.

*I am not a financial professional. 

You may not be able to touch his deposit unless he damages something or stops paying but if he agrees for you to keep a certain dollar amount, he won't have a leg to stand on.

I was even just listening to some of the first podcasts today -i think it was show 11 or 12 or so  - on private funding through seller financing and how they highly recommended not even approaching the subject of financials until they had met and talked at least 3-4 times prior. 

We have a good Accountant but I can't stand the loose ends that pile up and want to be more proactive.  

I’m currently working on improving my financial position as to be ready to purchase a small multifamily property.