where were you when about 200 plus families in La I had to foreclose on and take their investment property from them.. its a nightmare I am not saying no debt its not realistic until you get to a certain level but having free and clear assets is a choice and no one can take them from you..I am a gambler anyway I gamble on appreciation every day.. and value add..so maybe I am not the best to have this argument with.but when I look at the truly wealthy friends I have and I mean truly wealthy  not 7 figures but 8 figure to 9 figure net worths most of what they have is paid for it not all.. unless they are in big syndicated deals.. houses are paid for second houses... house s at the ski areas the lake front homes.. etc etc.. but I guess I am just more in the limit debt camp for long term liabilities..

Secondly, let me think all of you for being patient with me, I'm clearly new :-)So here is some more background on my situation.

Then after many books, seminars, webinars, podcasts I took the plunge and invest out of State. have 1 in Michigan which cash flows 11% COC and currently working on attaining my second one in Euclid Ohio.

Three years later on the second to last day the trusty for the estate paid it off so I did peaty good on the deal even without claiming the home. 

I want to know if is at all possible to purchase the "second" from US bank prior to the sale to give myself a competitive edge against other bidders.1.

I purchased a home about 6 months ago, and I split the gas lines and added a second boiler.

That perceived value can essentially serve as a type of second job if the San Jose market continues to appreciate like it is now. 

They wouldnt even consider another loan program I was asking about to purchase a house for my aging father.  

My thinking is twofold: first, that the ARV would considerably exceed the current appraisal, so equity would be abundant (BRRRR scenario), and second, that this helps me fulfill two dreams at once (mine, entering the investment realm, and my wife's, opening a business.)I am well aware, however, of the fact that this is a long term project, although I don't know exactly how long.

Which brings me to my second scenario, and the one I wanted feedback on.