This is sufficient in our view.

I understand you're looking for a good area with good growth at a good price in the Tri-State Area but if the numbers aren't making sense, it could be worth check out the market in the Midwest specifically in Ohio. 

I just wanted to add that if your spouse qualified as a real estate professional, then you potentially could take the write off :) Its worth something exploring! 

Might be worth looking into it.

As long as you are not understating any type of income - and I am taking vary broad view here - - and you are not, overall, defrauding the US Treasury.  

Definitely agree that seeing the area's for yourself is worth it though!

May be worth posting in the BP classifieds for specifically what you're looking for!

In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.

And so I feel it's not worth my time to worry about it (as if the downturn price is the "final" price).

Is it not worth the time or am I missing something?