You need to remove that from your head ASAP because thats whatlll hold you back and your lack of confidence will show.

Thanks for the swift kick to the head, I spaced that one.Generating value on income that isn't proven is a prime reason why relying on a seller's proforma without doing your own numbers rarely tells the story.

Success comes with change, who you associate with will evolve with your business interests.

First, you should reexamine your second mortgage loan terms to learn if there is a prepayment penalty associated with your note. 

I have been scratching my head ever since. 4) From the county record it looked like the flipping company paid cash (at least there was no indication they took out a mortgage). 

@Nicholas Ferraro you hit all the nails on the head as far as Dundee and aksarben starting to redevelop.

But when it came time to plan for our retirement,  verse 16 popped into my head "She goes out to inspect a field and buys it; with her earnings she plants a vineyard". 

@Patricia K.The income from private lending will be considered interest income and unfortunately does not qualify for any deductions associated with owning an investment property.

Do you know how often sailors head to sea?

The association's policy does not cover flooding.In the lease, tenants acknowledged they are strongly encouraged to hold renters insurance that covers flood damage.The property itself would not sustain much damage even if it had 5 feet of flooding - $300 damage tops.However, I am concerned about the surrounding area making it unsafe for the tenants to travel into the unit.