Because I've seen quite a few calculators or articles excluding the potential tax saving on the interest payment, which obviously would have a big impact on the profitability of the operationsWhat's your view on that?

View reportIs this a good deal for a wholesale?

View reportIs this a good deal for a wholesale?

Even by his calculation, you may need to account for more as you may be in the red after two turns and they may come faster than you think.You just have to be very, very careful with how you are viewing a cheap investment like this.Keep in mind that everything is more expensive these days. 

Street view

They tend to be in nice areas with good views and rent pretty well.

You do not learn your market or get experience sitting behind a computer screen. 

Nothing to add from an investor point of view, but having lived in them overseas while deployed, I can tell you they are very cramped and uncomfortable.

Can it simply be explained away or will it be viewed strictly as debt and, thus, negatively go against me?

This should not be viewed as losing friends simply making new ones.