The 'sales price' is $600,000 (any outrageous number), but the balance on the sales price (600k - 12*2000) is due as a balloon payment on month 13.

You likely want someone with different or even opposite skills and strengths as yourself to have a more balanced approach.

I haven't touched it since, my HELOC balance is ZERO.

Focus on properties that align with your financial independence goals and be prepared for market fluctuations.Your strategy of balancing cash flow with capital appreciation while aiming for financial independence is sound.

Here's a summary of their experiences:In Las Vegas, the government pays about 80% of the rent (depending on the tenant's income) and the tenant is supposed to pay the balance.

Tenants are still willing to pay more for high-quality spaces, creating a delicate balancing act in the market.

Your project is quite interesting, and balancing risk with reward is key.

Dealing with customers can be difficult at times and it takes a lot of balance, but I believe honesty from both sides is the best policy. 

So regarding ‘the old’ when to buy strategy I beleive that should come from a balanced place of financial stability, wisdom, knowledge, experience, and gut instincts.

I'd love to hear your thoughts on balancing affordability and growth in those areas.