@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

Yeah this is exactly the plan!

Just be mindful of the variable rates and have a plan to cover payments if rental income slows down.

@Rich Emery If you plan to sell early, consider a 12 to 24 mo bridge loan.  

I recommend finding an accountant who specializes in planning.

However, it was not something that we planned on and I did not have any sort of communication prior to with that particular poster planning to highlight their services. good point Joe will have to see if I can see that kind of behavior..

Where do you plan to invest?  

The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

When considering a vacation rental property, it’s essential to have a backup plan and understand the numbers for annual leasing.

Plan my next day 6 most important tasks - I've been on top of this, but still a challenge to get them all crossed offPlus, most importantly, we have 4 projects here in Chicago we are working to bedone before the end of the year so we can start some new projects off on the right foot!