Let's have some fun and make some money!

If the first mortgage takes most of the property value, you might not see all your money back.

A lot of people don’t realize this, but in addition to real estate agents selling stuff, they are also being sold, every brokerage, every title company, even lenders, have courses on literally scripts, how to build out your social media, how to find fsbo listings etc, truth is none of these are effective, pretty much the only way to be a successful agent is either ton of ad spend or the hard work of meeting people in person through events meetups etc, but brokerages make money by head count, even title and lenders are happy if you close a few deals a year with them, so they sell this stuff to agents who than use those scripts on you, it’s a whole prymond scheme lol

Then we would be profiting a clean $2k a month from just this property alone and still have money for a down payment for a house hack. 

I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so there will be no tax benefits i.e. write offs, depreciation.

Whether that is putting more money down, rent by the room, mid term, short term, etc., there's just no path that I see to get any real month to month cash flow (like actual cash flow, not spreadsheet cash flow). 

While it is cheap money (interest rate is typically set at prime + 1%) the loan must be paid back using amortized payment over a period of 5 years.

@Oliver MartinezAssuming you qualify conventional lenders can do those deals, but the issue is they make practically no money doing small loans sub 100k.

There are other considerations like limits, at-risk money, etc.

Most 2nd position lenders will want the investor to have skin in the game (invest their own money) AND be paid a double-digit return.When you purchase property, you ALWAYS need to have reserves, but in this scenario, you really need to have reserves since you will need to make 2 large debt payments every month.