My thought is that 40 year will allow you to get into these properties easier, since payment is lower which in turn allows for cash flow.. then maybe down the line you could refinance into a shorter loan.Just some thoughts, i'd like to hear others thoughts too. the 40 year would drive up speculation for investment property for sure, this is why I personally think FM should not open the floodgates of 40YFRM for rental property.

So put capex aside, depending on age/health.

For others, here's the link (if it works and is not blocked):https://www.biggerpockets.com/files/user/JustinS374 There are 3 other resources I created here as well:1) Financial Health Plan (Word template)2) Net Worth and Monthly Cash Flow Tracking (Excel)3) Buy & Hold Analysis (Excel)Feel free to download any or all of them and use however they help.Happy Investing!

Consider traditional IRA, health savings accounts, SEP IRA, SIMPLE IRA and 401k to lower tax liability if you are not using some of them now. 

I think Dave Ramsey makes some good points, but his show is weighted toward people with healthy incomes and no serious health issues. 

We also remove garbage disposals those break a lot too and no extra rent is gotten for that too.  The

UT with it's Scott Park campus has joined forces with the Medical College of Ohio (UTMC or Health & Science now) under one umbrella.

I've also looked into expanding into Philadelphia proper recently (lots of gentrification going on near Temple) so there are definitely possibilities in SJ and PHL itself.As far as turning around communities go, I'm mostly in this game for the money, but I think there's a lot to be said for my strategy... buy somewhat neglected properties from somewhat neglectful owners, do some rehabilitation and rent increase, treat tenants with respect (but be firm with rules/late fees) and that's sure to do a lot for the general health of a community.

Hi everyone,I have over 30 years experience in the home construction field.I have owned and operated a small remodeling business for the past 20 years.I own a home that is completely paid for,no mortgage.Wanting to get in to buying,rehabbing and selling homes,there's some good deals here in my state of South Carolina.My income for 2009 was not very good because of a health problem($10,000 range)had to live off of savings,2010 was a bit better($30,000 range).My health problem is over,and I'm back to work.Do I have a chance in heck to get a home equity loan in today's world to help me get started in real estate investing?

Then while you are saying some preliminary stuff to the caller on the phone (hopefully on a blue tooth <g>) - you can be pulling the car over and pulling the property up on the screen.