I'm thinking that acquiring and managing our first few rentals (building experience and cash flow) will serve as an additional asset for the second wave of acquisitions (that may require more creative financing).I am committed to getting involved on the forums and asking some of the questions that keep me up at night, so here's the first one:Is there any benefit to us NOT being married when we start buying?

It will benefit both buyer and seller.

Usually with junior liens, the buyer will have to come up with some cash above and beyond the purchase price, so you adjust your offer accordingly.

•You retain the tax benefits, providing tax deductions.

Thanks everyone for your quick responses.In general I'm just trying to understand the limitations and benefits for using that line of credit.

It would seem now many now feel they are entitled to a high-paying job without equal work, benefits without earning them, and an elevated lifestyle without earning it.A study conducted in 2012 revealed that more than 50 percent of people living under the income poverty level own a Smart Phone.

Certainly the risks outweigh the benefits...

I know I'm not factoring in some other benefits like depreciation and tax write-off, etc.

You might have a quicker path if you work for another broker, pay and benefits will probably be less than a larger institution, but the ladder is shorter.There is also the path I took, going with FDIC as a bank examiner, that gives you experience quickly that most brokers would never gain in the business and it opens doors widely.

To get your real interest rates on these loans...assuming the above, take the stated rate, net of your tax benefits.