We are actually planning on investing in rental properties.

There will typically be a full marketing package with financial actuals and pro-forma that brokers will send you on request.For smaller deals you're typically working with less sophisticated sellers and may get a rent roll, but I don't usually expect a full P&L report (nor do I trust the ones I do get) before I get into due diligence.

The first thing I thought was that someone wanted the farmland and split up the actual farm lot into the tillable land and then the house and barn they didn't want.

LTV was about 70% if I remember correctly and interest was actually higher and variable.

Not sure if the guy who told me this has actually done it or it was just an idea, but I was just curious whether or not this was actually a feasible thing to do.

Here are the actual 2015 numbers:  Plus loans are the grad school loans. 

And - really shaking my head on this one - why would you NOT be looking at notes and other types of investments that could not only be something for your money to do while waiting for their next outing as a down-payment on a rental but could actually speed you to that destination by growing your money pretty predictably?

Didn't actually get someone to look at it yet.We want to  use our HELOC which is currently being used at 60k and available amount of 300k.

I actually stumbled onto the podcast before the forums, and am lucky to have found such a great community and resource!

I'm really excited, though, because I pulled the trigger on actually going and looking at a property!