This includes new wiring insulation gutted kitchen and bathroom 2 walls knocked down and my basement (which right now is just a regular bricked basement with water and toilet hookup.

I’m not in it for the appreciation I’m in it however the regular and recurring payments that will support me in retirement.

Here's what happens.1 - Interest payment is based on 30 year mortgage2 - Extra payment goes to principle, which pays down the principle, but the interest is minimally affected...and most of the regular payment is interest.3 - The actual effect comes at the end of the mortgage, which if you sell or refi...you never reach

My advice would be to set up key-word alerts here on BP, and check in regularly to the BP marketplace.  

Read the 'eat an elephant' post in this thread, check out my profile (click the 'profile' button to the bottom right corner of my picture), or go to "Meet the Investor" under "Investor's Focus" in the left hand column of your web page and look up my interview.You are also welcome to do a search on my posts or ask me any specific questions.I am a slow and steady wins the race kind of guy and have amassed $2M in properties as a regular Joe... the son of an electrician... the first to ever go to college in my family line... the grandson of 4 immigrants, well, you get the picture...

They just asked for the regular documents..ie. tax return, bank statement, pay stub and 401k statements.

The only 2 regular mortgages that I have are for my 1st and 2nd house.

If you have a regular W2 job, your employer pays half and you pay half, about 7.5% each.

The answer is: only under some special circumstances, which includes having a substantially profitable flipping business and not having a high-paying regular job at the same time.

The houses are a bit cheaper than the regular site built houses but look just as nice.