I think I remember correctly that for a period of time 80% of real estate transactions involved some sort of seller financing or existing loan assumption.

The MIRR formula works even better because the cash flow from the rental property is not automatically reinvested into the property.I think that building a spreadsheet with both scenarios, stocks, and rental property would answer this question.

I'm BRRRR 3 of the 4 properties so I was thinking on pulling that money back out to finish the work.

Your list looks good but as others mentioned it doesn't hurt to think long term and explore refi options as well.

I think I would write both of them one letter.

I think your strategy is greatGino

I usually think of vacancy rates below 10% as pretty good and under 5% as really top-notch.

I think that is the biggest issue but perhaps next year when my income is better I might be able to use both my income and the boarder income.

Total rents at 100% occupancy across the three are $2900 monthly.I'm thinking because the financing terms are soooo attractive that it may be worth the higher risk that comes with the high PITI?

Hi Ropo,@Brie Schmidt is your "go to" for anything Chicago related.I've owned a condo there since 2017 and it's left a sour taste in my mouth as it hasn't moved in value at all.My fault tho as it was a "trophy property" of sorts so only have myself to blame.I've warmed up to the idea of house hacking over the years but still think that "money makes money" if you want to be active.$100,000 can go a long way in many markets when it comes to property flipping.But then again, not everyone wants to be active so I get it.Something to also consider is how landlord friendly the state is.I've heard some horror stories with Illinois but potato "potato" lol.My tenant for example is high net and I get direct withdrawal payment on the 28th of every month and hasn't skipped a beat in 4 years.Wishing you much success