The heat pump units require more space, but there would likely be a savings in the range of $500k for the project.

Make sure your finances are in order: Do you have the downpayment saved?

Assuming that his annual depreciation brings his Net Operating Income (NOI) to $0.00 each year, Dave saves $491 annually (0.15 x $3,723).

If I can save enough money to pay cash, why not?

(about not writing a letter.)Thanks for the gentle reminder that real-estate is ultimately about relationships!

I would live at home, save up, and have plenty of cash to invest.My brother was in a similar situation a while back, 25 years back.

@Kyle Ferguson, even in NJ, 3.5% deposit shouldn't be that hard to save, right?

The 300% swings in price from one carrier to another are what I don't understand.  2) Security Deposits.Are you simply holding these in a savings account, in your own name, separate from your other funds? 

There is no way however for any of us to give you an idea on the savings.

(I know what you're all thinking but worst case, she keeps the house, I'm out the 2,500 I give her to put down on it but I'll save twice that in rent in the next year)I hate to pass up the opportunity to buy the house for a good deal but I'm more focused on getting into a multifamily in a better area if it would effect me.