What is the purpose of QC’ing 1% interest back to yourself?

The host purposed the idea of using a HELOC to pay off your high interest credit card (17%).

The time that they spent on the sideline has opportunity cost (rents, loan pay down, appreciation, etc) compared to if they just bought something off the MLS.

They find a total average return of 9% for the period they looked at (1986 to 2014), and conclude:"Each component contributes approximately equally to the aggregate U.S. portfolio of housing returns, so excluding one component excludes half of total returns on average," There is also a helpful graph comparing the breakdown between the two factors in the 30 largest metro areas. 

Please call me and I will be happy to speak with you and you can compare voices.

Started shopping other brokers and while comparing i foud out that my current Insurance broker put both houses under Commercial Generl Liability and not Residential. 

Shoot me a message and I can send over an example of how I've underwrote deals in the past to compare to your numbers. 

But you and I may have differing goals and resources as far as investing goes...I wanted turnkey and it was ok if it hardly cashflowed...we are investing for tax purposes and make money on that end...but think about who you want to be your tenant...do you want students?

@Connor WallaceBranford can be rather pricey (supported by higher rents) when compared to other markets so instead of doing a condo in New Haven I would jump straight into a owner occupied 2-4 family in Branford using Home Possible by Freddie Mac or FHA (3.5 - 5% down + PMI). 

If you weren't credited with the deposit, and there's no documentation that would support a claim that it had been used for some previous purpose, you're on the hook for it.