I am big on note investing just thoughtfully and with strong due diligence that allows us to stand the test of time (as you have also expressed).

I’m commenting to express my compassion and understanding — and to tell you thank you for sharing.

Now we have to make sure we account for all expenses not related to the mortgage payment. 1st the variable (expressed as a % of the gross rent usually) vacancy (i use 9%), Repairs (being a new property this will probably be low, so lets say 5%), CapEx (also low due to age so 5% again), then I always add 10% property Management because I don't plan on PMing forever and want to make sure it'll cashflow after I turn it over to PM, but that's up to you. 

I think the major difference is for 97% of Americans this will be the largest financial activity of their life. 

Read this https://www.propertymetrics.com/blog/2013/06/03/ca... and this https://www.biggerpockets.com/forums/12/topics/134... and really any commercial real estate book, podcast, site out there.At a minimum, memorize the formula:Cap Rate = NOI/Valueor expressed another way NOI/Cap Rate = Value Practice this, analyze properties and confuse yourself first...you will learn the most this way.

I would highly recommend real estate express, mainly for their review material for the final exam. 

The remaining funds will go toward increases in performance-based incentive plans for salaried employees•$1.5 billion voluntary contribution to the FedEx pension plan•$1.5 billion investment to expand the FedEx Express Indianapolis hub over the course of the next seven years.

When I work with my Clients, I am more likely to express the financing in terms of Private Equity rather than HM because I think there is a negative connotation associated with the term Hard Money. 

A further internet search reveals an online complaint about someone with the same name, also from Utah, who is reportedly associated with other real estate companies that someone is claiming ripped them off: https://www.ripoffreport.com/reports/property-23-nate-heaps/american-fork-utah-84003/property-23-nate-heaps-green-clover-properties-retiree-ripped-off-of-retirement-savings-a-828667. 

Providing you can have loans secured on your property up to 75% of its value,  I think the correct  calculation is (230*0.75) - 42 : Which gives you 130k yes, you're right, thanks We recently set a HELOC with American Heritage credit union with a fixed rate of 3.99%, 3 years draw period and 10 years Amortization period .