I could have paid cash, but one of the rebates required financing with Ford and had no alternate cash back, so I'm taking the leverage at 3.99%.We have a 2013 Chrysler T&C we bought last Fall when we decided 110k miles on the old van was too much for long trips with the kids.Also, another mustang here: 2003 GT convertible, wife won that in a slot machine in Atlantic City for 50 cents.

However, I'm not sure how the Alternative Minimum Tax (AMT) will impact this strategy.Has anyone been in a similar situation in the past, did AMT nullified the tax benefits of REP?

Hey all, I'm reading the book on rental property investments, and I've identified a few people in my circle who are in this business.  Normally, I'd offer to buy them lunch so we could chat a bit about their experienc...

Also if you look at alternatives you likely can't find an older fourplex that's in need of TLC at as good a cap rate as FIG historically offered.

Look for alternative financing, maybe seller financing with no money down or assume payments, aka "sub to" or find off market deals from tired landlords.. or find a partner to provide the funding..

Perhaps using an FHA loan in the future would be an alternative if lenders start denying conventional loan applications because I am using them for owner occupied properties

That was half the reason I took the plunge prices were so unbelievably low I felt I could make a whole lot of stupid mistakes and still come out smelling like a rose, and boy did I.

Definitely gave me confidence talking to lenders because I knew even if the conventional way did not work out, we’d have another great alternative route to pursue. 

If you're looking to have control of the funds for less than that, you'll want to use an alternative lender, like a portfolio lender which uses DSCR to evaluate the loan, and really doesn't care where your money is coming from.

I don't think I've ever seen irrigation on the land, and you're right, the farmer alternates each year between corn and soybeans.