It would be nice to automatically deny people who are on Prozac, lithium, Paxil, Zoloft, etc. would make our jobs a lot easier.Although I hate Charles Manson, he had a good quote - "Used to be that being crazy meant something.

However, automatically taking that amount and adding it onto the loan balance is not normal and probably is not defined in your note.

As many of you pointed out, it will be a wash: it's just shifting tax burden from rental income to personal income.

@Joshua Dorkin you did the admirable high road by not engaging with this persons negativity.In my opinion, there are definite distinctions between the terms Flipping, Repositioning, & Building Equity.Flipping is about finding & controlling (not necessarily owning) a mispriced or undervalued with the intention of selling it quickly.Building equity is more about reaping the benefit from appreciation & amortization of time.Repositioning is about improving property value by:1) Shifting to a higher utility ex. raising the income in a "C" class apartment building to a "B" apartment building by adding amenities & improvements to attract renters willing to pay more)2) Changing useex. taking a single tenant commercial or industrial building & changing the use to multi-tenant retail or condominium lofts.

Also, I think when they say that they list it on x amount of sites, there is a service where they list it once and it's automatically put on many sites for them (my property manager does this with my rentals), so that's not a big deal or much work for them.

Shift!

And they also do 1M/2M aggregate liability insurance which was much higher than other policies I found as well.They also will do vacant, LLC, bill monthly, multiple states, automatic payment, adjust monthly if needed....

I plan to focus on cash (fix and flips, wholesaling) early on, and then shift my focus to cash flow (Fix and Hold, Buy and Hold) as my net worth grows with time.

For someone whose grown up in a family where food was a means of "comfort" instead of something we do to "be fueled", it's understandable how difficult a shift in perception can be.Like any other lofty goal, it works if YOU do.

So my first reaction is the automatic system simply screwed up.