I do like the idea of accessing the equity to break it up between possibly 2 down payments for rentals.

They also break frequently.

Society is breaking down to urban farming and sharecroping.

Here is how it breaks down for single family residential in Bergen County:Conventional/Fixed Mortgage  45%Conventional Arm: 25%VA: 2%FHA: 9%Cash: 19%Owner Financing: 0% (only 7 total)Balloon: 0% (only 1)1031 Exchange: 0% (only 2)Other: 1% (only 34 sales)

Legally they should be able to give 48 hours notice to see inside, but I can see not wanting to disturb the tenant for every looky-loo.Our inspector would give us a price break if he did not have to complete the inspection or wouldn't have to provide a write-up.  

Here's the break down First mortgage 139,750.22 Insurance, taxes and mortgage is $1,525Second Mortgage 50,000 payment is $150.00Its a 3 bedroom 2 bath, off street parking and a full basement unfinished. 

Though I have an active MA real estate license and plenty of large-scale development experience, I have relatively little knowledge of how to break into, and be successful in, the single-family residential flipping realm.

Thus, 150K would be the break-even point for the PR. 

Did I miss/break a rule? 

@Cindy Bowman I'm breaking into the Charlotte market and would love to pick your brain.