More development also happening at the border of Ogden, Riverdale, and Washington Terrace. 

We also have a bullet proof cross border accountant on our team. 

I am 10 miles south from the border so NBD. 

You lower your own equity investment and thus you:- Increase your IRR- Lower your own personal risk if the project goes southIt's easy to make money when you're gambling with other people's money.

That option has always seemed kind of scary to me, and too much of a gamble.

Charles, I also gamble when investing in stocks.

@Tony Gunter i understand but maybe for me i believe that appreciation is kind of gamble because it will be affected by a lot of factors while cash on cash is kind of solid.

In theory, PMI shouldn't be necessary if the underwriters gamble on the right applicants.Of course things happen.  

If the home is truly a 2 unit property and you claim the income on your schedule E the bank will use this income.However if it's a border income situation.  

stay away from streets like Peter Pan and Snow White... as well...be leary of zips 32202/06/08/09 especially. 32222/44 is decent enough. 32210 has its good spots bordering 32073. 17/23/57/58/59  Mandarin NW St Johns, Switzerland, Julington Creek areas are all decent esp 58/59 if you have the $ to spend. 32221/ 32234 has its good spots in rural areas and some new construction.