You can get away without paying PMI charges each month if you have 20% down for the conventional loan.

Ok maybe.You will still have to pay to demo the damaged property and that can run from $15k to $40k or more depending on where you live so you may not have much left of your initial investment to buy that next property.And if you financed it - the bank is going to take the majority of the insurance settlement to settle the loan and you will own free and clear a fire damaged house that the city will eventually start making demands for you to repair or demolish.This is why the majority of lenders require you to carry full replacement cost coverage.

If you decide to move out after one year, you can refinance at the higher value, pull your initial money out, and do it again while keeping the first place as a rental.

We are pet freindly and charge a monthly pet fee - IME pets are less destructive than some kids.Sounds like you have done a great job posting it.

It has paid us back 5 times our initial investment in income tax savings alone.

That initial message was  a "stream of consciousness" to make the scatterbrain thoughts real.

., the 3 of us brothers) would lease an entire building from him and sublease the units and pocket the cashflow.My older brother put me in charge of doing the business and accounting research, so I started at our local library and quickly found Brandon Turner's books, as well as this website and podcasts.

I was charged the appraisal fee yesterday, so we're hoping to have that deal closed in the next ~2 weeks.

But a loan charges 5% interest.

QB Reports doesn't generate this for you, but you can easily download their reports into a spreadsheet and add a single line for the initial investment and generate your cash-on-cash return any time.