Spend money wisely on things that count and avoid spending on things that don’t do much.

I am looking for ways to generate revenue so that I can start to rebuild my retirement.I own a home on six acres in rural West Michigan in an area that is popular for hunting, fishing, hiking, snowmobiling, cross country skiing , and water sports.

They can help cross-check the contract.

I cross-reference everything the neighbors tell me with what the seller tells me to see if there are discrepancies.

Sounds like they are cross collateralizing your personal residence with the purchase to achieve 100% financing. 

If you borrow against a HELOC to purchase an investment, that borrowed money will count against your debt and could cause you to be over-leveraged.

@Bryan SenkQuestion - assuming this was purchased conventionally - did the appraise mention or count the garage space on the appraisal report as heated sqft?

This sheet can display the equity portion of the chart and also the remaining mortgage chart; if the excel sheet is good, you could also add another layer of chart if you add additional payment.From there, you check at what month the cross between the equity and mortgage, in a typical 30YFRM, it would be at the 18th year usually (I may not be accurate on this), but if you add $200 a month, the cross could be on the 15th year (for example).Now if you good enough with excel, you can add the 4th element of the chart, which is the appreciation forecast, I did it a lot.

Get the leases, 12 months bank statements from seller showing they are paying, survey what rents are advertised in the neighborhood for similar bedroom and bath count, square footage, and 4 plex not single family.You say you want to refinance soon after when you believe rates will fall..

@Collin Ricter, first off I would not count the HELOC on your primary residence against the rental income to determine if a property is cash-flowing.