Currently, based on a market evaluations, I have about 50k equity in the property.

Unfortunately, on a property this age you don't anticipate it. 

You can double your money in one year if your property appreciates only 5%.

As long as you intend to live in the property as your primary residence, then a primary residence mortgage is appropriate.

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $394,000.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

The Elysian Fields Ave property was an attractive opportunity due to its promising location in New Orleans and potential for a strong return on investment.

I took the first property and paid last month. 

My goal is to eventually hold onto this as a rental property.

This second document is what makes the property security for the loan.

Hi Joseph, I own 3 SFR long term investment properties, and have gutted 2 down to the studs and rehabbed.Then I help out a handful of investors in various ways.