The note was set up so that I have the option to refi and pay back the loan prior to the 2 year balloon, however the lender must receive at least 1 years worth of accrued interest.

She hasn't told me a price but she is thinking it should be worth $575,000 because an apt building next to hers sold for $550,000.  

I almost purchased a two family with 2700 square feet seven years back for ~$900k - now that same home is probably worth at least $2mm BEFORE the coming "Amazon effect"second choice would be a non-landmarked 2-3 family house not more than .5 mile away from the 7 train. third choice a smaller multi-family building. cap rates will be low in 4% range but if you can hold it for 5-10 years with adequate reserves and money to upgrade, you will do wellhttps://www.zillow.com/homes/for_sale/Queens-New-Y...https://www.zillow.com/homes/for_sale/Queens-New-Y...fourth choicepre-war landmarked coop apartments in Jackson Heights. not an investment per se because you usually can't rent these out but if are an owner-occupant, these will do great. fifth choicea condo in LIC - these are already expensive and you'll probably have negative yield but IRR will be fine over a 5-10 year holdAs happy as I am for the Queens news, I was even more thrilled to hear about Nashville because it is the one and only place I have been out of state investing for the past four years!

Hello my name is Ilya, relatively new to Fort Worth and I recently became interested in purchasing rental properties.

The single family home is worth 200k.

So I'm not sure if running the rental payments through an LLC is worth the hassle. 

If you're going to use 90% of your net worth and your not going to use a manager and you think you're likely to burn out alone, maybe it's not the right move.

It might be worth it to have someone from BP contact Quickbooks. 

Some have time restrictions that make the deal not worth doing.

Was the money worth having all that fun!?