That's how I think about it, because the reality is you had the choice to sell 100% of the flipped house and use that money towards another investment instead of taking out 30% and renting it. 

If you haven’t already, take sometime and go through the forums and listen to old pod cast that reference BRRRR.

The first is to provide housing in the area of our choice (awatukee foothills) for our childrens school district (my husband and I have 5 children 14,13,8,4,2).

Then you're going to quit your job where you would have been able to absorb those capital expenditures or they would have paid for themselves over time because the properties were cash flowing (and continue to cash flow) where if something happened in the newer properties in the cyclical markets and you had already quit your job, you would be stuck.Not much of a choice, but I say go midwest.Stephanie

JohnDisregard this solicitation if you have already engaged a lawyer in connection with the legal matter referred to in this solicitation.

Conversely, when we borrow from new private lender, we do offer them a list of references.

When the property is paid off in 15 years, I will have the choice of 1) Enjoy the 'bumped up' cash flow of about $1200 per month 2) Do a 'refinance' or 'cash out' of say 180K on a now 240K property and let the renters ALSO pay that off for me or 3) Sell the property outright for 240K. 

How was your first choice not burning the place down and starting fresh? 

Hi @Josh Oaten, I echo what @Omar Khan is referring to.

@Evan Pickvet-Hall Your agent might be referring to the fact that you might not be able to qualify for typical home mortgage programs as most lenders prefer SFRs to even 4 units (even though they are both classified as residential).