A fried suggested cashing in retirements (my wife and I have 2 small ones) to get a down payment for a house to live in and keeping the rental which is producing cash and is 15 years away from being paid off if we don't increase principle pay down (which we intend to do).

If you prefer to sign up for regular Buffini Top Producer courses, they'll arrange that for you.

Make sure it actually is producing those numbers for you.That’s all I got.

Spend an hour with your CPA so you setup a tax procedure and to maximize your tax savings.

Eviction leads aren't as competitive as other lead types and they do produce results.

So make sure you understand any minimum rental history requirement.Another great scenario is with a 2nd property sometimes a lender can count the pontential rental income (or a percentage of it )that the property produces.

We gave our accountant some sample reports it can produce and he seemed to think it looked fine.

If one mortgage foreclosed, and the other mortgage was not involved in the proceedings, the surplus goes back to the homeowner.I got in a heated discussion last week with the paralegal of a large law firm that handles a lot of foreclosures in my area and I was not happy with what she described as "normal" procedures for her office.

They all have their different programs, policies, and procedures.

This is true even for my RE that was purchased near market highs (example 2004 purchase at $741K that fell in value to ~$620K and now is worth ~$1M) and even my STR RE (duplex) that has rent of ~$15k/month (purchased at $375K and now worth ~$1.2M).I would think that in Austin the percentage return on buy n hold residential RE from the profit sources would be similar to my area with appreciation having produced a far larger percentage of the return than cash flow or equity pay down.Most of the Midwest is different.