And/Or pile up all the cashflow into paying down Property One (12K + 4.5K + 5K + 12.5K = 34K) and you'll get it done after 3 years, and be able to get LOC on P1 and P3.Or in year 3, get a line of credit on P1 and P3 together, use a bit of balance to pay off the remainder of loan on P1, allowing the bank to move into first position.Keep in mind..."

In regards to your last piece of advice, do you mind explaining how one can use debt to their advantage?

When it's a seller's market, you'll have to make the deals happen, but the deals are always there.I'll explain a little:There are three parts of the market.1> Rehabed or newly built homes.

Hi @Saj Johnson It is nicely explained in the book, 'Start Your Own Corporation,' by Gary Sutton.

We have plenty of money in the bank from the sale of a home in CA.

Turn Key Type 1 vs Turn Key Type 2 1) Assumption: Turn Key – Type 1 Company Name Invests Mostly Passive Investment 2) Assumption: Turn Key - Type 2 Taking Property Subject To Mostly Passive Investment Assumption: Investor has to get financing from a bank or from Turn Key company Or Invests $80,000 cash Requires $16,000 cash plus closing costs Assumption: Investor takes over seller’s loan (Subject To or Wrap) and does not have to get financing from a bank or from Turn Key company.

I own a 5-plex in a small town in East Central Nebraska, and have actually had people who say they were appraisers from my bank (they weren't) go into the building and try to talk to tenants about the kind of info you were describing as well as looking to get my number. 

Of course, there is no guarantee the bank will accept the asking price....they will look at comps. 

I can imagine it will be tough to get pre approved from a bank.

This helps allows us to be able to get financing from pretty much any local bank.