Private money sounds better because the terms are typically more favorable: less points, less papework, less hassle, etc.

Do yourself a favor and hire an accountant to do this for you.

From a lender's viewpoint, is it less favorable to have a BK than low FICO?

If your rents give a return on your money that is favorable---doesnt matter about the price, does it?

Since the tenant has stated that they want an extension in order to accomdate an orderly move to their new place, you are in effect "doing the tenant a large favor," only to lose them in the end.By allowing them an extension, you are effectively taking the space off of the market for that period of time too.

Everyone seems eager to help out us newbies and I will absolutely return the favor once I become more knowledgeable.

http://bit.ly/XrTuSq The numbers are still evolving in my favor but it is still a great first deal.

Personally, I am in favor of paying off a home mortgage ASAP, but using OPM for investments for as long as possible, especially when rates are so cheap.Good luck with the decision!

Thank you Ann Bellamy for your two cents, I appreciate your opinion and am really just looking as to what my best options are in Eastern Massachusetts, or maybe start thinking about investing in other areas where the numbers are more favorable.

You need as many facts in your favor as possible.