@Joshua McMillionHey Joshua, negative, but still would not object to a get together or dinner at Texas Roadhouse/Chili’s one night!

When you compound your equity, then the appreciation....the tax shelter......the principle pay down... all compound as well.

I highly recommend you take from OREA  Principles of AppraisalAbsolutely a must for real estate selling and investingIn regards to dedicating your time..

However, because Denver is so tight, do expect to put in at least $10K in light touch ups in order make attractive offers to sellers (ie fast closing, limited inspection objections).

What are your objectives for investing in MF?

Thanks for any input and insight, Jay. when you become an agent you MUST work for a broker for the first 2 to 3 years depending on the state.. then you can sit for your brokers license.. now in Oregon we are all brokers there are no agents.. what you have then is you must as a new broker work for a PRINCIPLE BROKER.. then after your apprentice you can sit for your principle brokers exam.. 

A triplex may not have any positive cash flow after principle, interest, taxes, insurance and the 25% haircut.

Of course, taking the cash out, which was the primary objective is what I wanted sooner than later also.Once all said and done, I plan to either use this as down payment on 2 rentals or 1 BRRR with it this year.Thanks again for all the advice/comments!

I recommend you process applications as they are received and then offer it to the first person approved by your objective standards.

@Tyler Hallman, I will add that you are thinking in terms of a cash flow statement, which will take into account Principle payments on the loan.