On top of that you have to figure out the cost of your $13k not growing or not being used to produce more money somewhere else due to the fact that you used them for this.

If the property mortgaged is business or income-producing property, you can amortize the costs over the life of the mortgage.

If your end goal is to own stable income-producing rental properties then why don't you start off with turnkey properties from the beginning as I see many great opportunities around the country today.Just curious if you're questioning your motives and if you got a plan

Many go on to get their license, but do better helping a producer than they can on their own.

Any of these configurations would produce about the same amount in rent, maybe $100 more as a 5 unit than a 4.

I destroyed that by producing a copy of a check he wrote to my grandmother in '99.4.

Another option would be to take that money out and buy a smaller REI MFR or SFR in the phoenix area all cash and get that going as a second income producer.

I should clarify that we have current income, but the property does not produce any income.

I'm actually not even sure whether it will produce positive cash flow, but since we have other motives for buying it that is not the only concern.

Sounds like it was probably terrible copy, even a terrible list would have produced some results with decent copy.