Bob, unfortunately, had to leave Manhattan and live in a lower cost of living area.Also, when compared to my properties, which Bob had a chance to buy into in 2004 but refused because he wanted to have significantly positive cash flowing properties, he really lost out.

@Bob Willis in taxes i think they do tax you if using a HELOC.

@Alex Corral @Bob Green Thanks Alex and Bob for your inputs.

@Nicole Sorensen Hull, you might want to goto  @Bob Malecki 's  meetuphttp://www.meetup.com/Seattle-Note-Investing/event...He is a great "local" resource that you can talk to.

Hi @Bob Smith,How much income are you trying to shield?

@Bob Estler  Thank you for your response as well.

Thanks Bob.

This post has a lot of great information and was sent to me by @Bob Razler. 

Bob

Billy Bob it is pretty normal in the current market here in Vegas to see properties sell for 10% above appraisal value but I was referring to FNMA requiring way above 10% more like 40% to 50% above.