I would need to look at the principal amounts of those payments to reduce the $60k, I get that.So say, I pay $60k, borrower makes some regular payments (p/i) for 2yr (arbitrary number) then decided along the way to just pay off the note.Borrower gets savvy and makes additional principal only payments.

There is a lot that goes into it that may be overlooked by regular contractors.

I lead a local REI group, and of 50 regular attendees, only a handful of us have even one property. 

It seems like many smart locks have too many bells and whistles for this application.Because the basement currently can be accessed by anyone -- I don't want to make any assumptions about who has left things hidden in my basement ceiling or who may or may not be trying to smoke in a basement with natural gas heating fixtures.

I dont lose the investment, but obviously 150k in a tax free account is way more valuable than 150k regular money.All of this to go after 500 accounts that have more than 5 million in them.   

Obviously the lower starting prices in the latter areas potentially give it a natural edge, but not sure if the PLG/Prospect Park South neighborhoods are still a whiles away from meaningful price growth.

My agent created an MLS portal and I reviewed it regularly until this one came up.

My agent created an MLS portal and I reviewed it regularly until this one came up.

Bonus depreciation, transferring regular expenses to business expenses and relying on repairs more than capital improvements are good strategies. 

Repairs and other service work should be done during regular business hours.