Only interest from the loan, and expenses for rehab, repair, management, vehicle mileage, etc.

You have each tenant provide you with their vehicle make/model/colour and plate number.  

If they didn't do that, they would starve when winter arrives.The Future is VERY important.Another analogy I like to use is to Drive your Investments like an Investment Vehicle.When you look at past Data such as previous Sales, you are looking at the Rear View Mirror of your Investment Vehicle.When you look at current data, such as the current Rents and Expenses to calculate your Current cashflows or your Cash on Cash Return, you are looking at the side view... watching the action go by as it is occurring.When you look through the Windshield of your Investment Vehicle, you are looking at the road ahead.... seeing the path that it is taking you... and all the obstacles in the way.You are less likely to CRASH your investment vehicle by focusing on looking through your Windshield than remaining fixated on the Rear View Mirror or the Side Windows.If the bridge is out and you fail to see the bright red warning signs..... if your eyes are not looking straight through that windshield........ you will Drive your Investment Vehicle into the abyss down below.So please.....

AndrewYou are not far off with your areas and what you are looking for.For 40 years I have been investing and teaching about my kind of real estate vehicle.  

My plan involved using the 150k to pay off my current loan and the remainder of a vehicle loan which would reduce my monthly bills by 350$ but the 150k loan would have to have a term of 30 years.

I was under the impression that you run through practice deals on a spreadsheet to get a sense of how much you should offer (as a practice vehicle).  3 - According to Brandon, you make a lot of offers.

¨I plan on using REI as the vehicle that will hopefully lead me to financial freedom in order to create a better future for myself, my friends and most importantly, my parents (the real reason behind all this).In conclusion!

Hard money is an appropriate vehicle when it is hard to get money and you need some fast.

As we all know, depreciation on assets such as real estate, restaurant equipment, etc. is a wonderful tax strategy, and one of the many reasons it is beneficial to invest in these asset classes.Now, here's the frustrating part - the underwriters are counting the bonus depreciation as a cash loss against my W-2 income and are saying I don't have enough income for the loan (the W-2 income from my 'day job' is six figures, and the only personal debt I have is my primary residence and a vehicle!!!).  

IRAs and 401ks are investment vehicles and are intended for passive investments, not running businesses.