Ask your husband what a "hair cut" is and Mortgage Backed Securities and 2008.

I'd like to get some perspectives from both newer as well as seasoned investors on the pros and cons of each type of rental property.An example I'd like to give is a commercial deal that came across my desk - a NNN lease for a very well-known nationwide business for 10 years with two five year extensions (so approx. 20 year lease).

Myriad sad stories of hardship, life's unfairness and five move out date extensions later, it was nasty, high drama and unsafe.

I almost pulled my hair out and went bald last time i tried to get financing with a traditional lender for my primary residence.....I am trying to do as much research as I can about financing so I can fully leverage myself.

Its in the loan covenants that you signed for.it is a unique requirement. most loans have a time limit and if you go over that extension fee's are due.although its not common for a lender to take it from the draw funds as that would jeopardize the project if it cant get finished.

The data appeared to be fairly extensive, but the purchase price seemed high.  

@Kevin MasonProvided in both formats, along with a very extensive documents library (purchase contracts, offer letters, sample leases, etc)

The 203k Can definitely work but there are added fees and some issues with the process depending on how extensive the repairs are. 

I looked into this extensively a while back . 

My best recommendation to all serious investors that are in the real estate game for the long run to always hire an Architect when doing extensive work that involves submitting construction documents to any jurisdiction.