Has some money saved up, but maybe not quite enough to get a traditional mortgage.2.

One of here friends bought a brand new mansion in Kyoto via less than 1% mortgage.

Easier and safer for you to get a note and mortgage/Deed of Trust IMO.

Similar for mortgage notes - cannot use 1031 for mortgage notes either

Just wondering whether people typically use Quickbooks (or other accounting software) just to track rental property income & expenses, or the whole shebang such as:- Down payment/closing costs- Assets - the property itself, plus other fixed assets- Liability - the mortgage- Depreciation- Equity

I have several years in the past where I was a licensed mortgage broker in both retail and commercial arenas (2008 We all know that story!!!)

For 1-4 unit properties I've worked with Valerie Lee at Upstate Mortgage (a true local broker) and Southern First.

The risk there is missing opportunities because your cash is sunk, earning your low mortgage rate.I've paid off quite a bit, but all of them were higher rate and risk.

Rent it out (refi or heloc)Bought Aug 2017:   128500Renovations:           6000Appraised in 2018: 185000Overhead:                1350/month (Mortgage, ins, tax, HOA)Potential Rent:         1700-1800/monthThere are plans in the next few months to break ground on a new high-rise fifteen feet from the balcony of my unit which would completely block my view, a HUGE selling point for my building.The new building next door will be a high end hotel with nice restaurants on the first floor so long-term it would be good for the area. 

Why I chose to Sub 2: I wanted to see if it was possible and I felt I could leverage the mortgage and have time to decide my best use for the home.