Vanguard Money Market Account - Ticker Symbol - VMRXX - Today's Rate - 5.27% 

Then we would be profiting a clean $2k a month from just this property alone and still have money for a down payment for a house hack. 

I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so there will be no tax benefits i.e. write offs, depreciation.

While it is cheap money (interest rate is typically set at prime + 1%) the loan must be paid back using amortized payment over a period of 5 years.

Whether that is putting more money down, rent by the room, mid term, short term, etc., there's just no path that I see to get any real month to month cash flow (like actual cash flow, not spreadsheet cash flow). 

@Oliver MartinezAssuming you qualify conventional lenders can do those deals, but the issue is they make practically no money doing small loans sub 100k.

There are other considerations like limits, at-risk money, etc.

Multiple books: The Book on Rental Property; The Book on Investment Property Investing; The Book on Investing in Real Estate with No (and Low) Money Down; Start with Strategy; Real Estate by the Numbers; and Finding and Funding Great Deals.

Most 2nd position lenders will want the investor to have skin in the game (invest their own money) AND be paid a double-digit return.When you purchase property, you ALWAYS need to have reserves, but in this scenario, you really need to have reserves since you will need to make 2 large debt payments every month.

A lot of new investors think they would be making a lot of money.