I will be giving some serious thought into running a soft wood/ pecan trees/hunting lodge combination.

Rarely will this be necessary.

In this case, the cost of money is 4.5% and the cap rate is 6.62% so it does not.I also don't like this being a "C' neighborhood and only giving a 6.62 cap.The last comment is that I rarely find a property that doesn't need some work.

I am at roughly 60% LTV with my holdings combined.

My work allows me to be flexible if need be but rarely do I need to be.

All expenses are split proportional to ownership, as well as all income generated.Furthermore if you combine your own personal and IRA funds for this purchase, you will be unable to get a loan to finance the balance of the purchase as it's illegal to use an IRA asset to collateralize a personal loan.However, if you have enough funds in your IRA for a 30% or more downpayment, plus some cash reserve, your IRA could purchase the property directly, without involvement of your personal funds at all, by securing a non-recourse loan if additional funds are needed.

When we put offers in for a client, it's rare that we get a declined offer.

We don't allow pets and make rare exceptions with a pet deposit.

Your total debt service combined is $1,574. $2,200 - $1,574 = $626 net cash flow; $156.50 profit per unit per month.If you get a deal under contract similar to this example, it will not be hard to find the money to finance it.

Nowadays I rarely find something an inspection would catch that I don't know about.Code violations are difficult to find.