Build equity over time and take advantage of tax write offs and appreciation. 3-400 a month on a 70k investment is a 5-6% cash on cash return - you can get that in a high yield savings right now, and, that's objectively a lot of cash to shell out. 

Here’s why:Transparency: Being upfront builds trust.

I was at a meet-up last night and should have asked the gentleman who said he recently purchased quite a few for $200. 

He has been there since 2007, but has been trouble the last few years.

My options are:Sell: Maximize down payment in NC, reduce debt.HELOC+Rent: Keep NJ property as an investment, rent for potential $3,300/month.I'm interested in long-term wealth building.

After a brief search, the IRS says-For tax years 2018 through 2025, if home equity loans or lines of credit secured by your main home or second home are used to buy, build, or substantially improve the residence, interest you pay on the borrowed funds is classified as home acquisition debt and may be deductible, subject to certain dollar limitations.

And then shared that most people don't understand how much work it really takes to build up a portfolio.

My business partner and I have been coming across off-market deals and have a flip opportunity in Gresham and a lot in SE Portland for a new build.

Already determined:Sell price Buyer pays all fees, no appraisal etc.What they are now asking (opposite from original post):86% downSeller Finance remaining 14% over 6 years with interest only payments first 3 years and interest plus $1000 last 3 years.

My background is in building, with a degree from TAMU in Construction Science, and I'm currently a project manager overseeing new construction and remodeling of high end custom homes in Houston.