Good morning everyone,Name is Theodore I am currently working as an IT but my goal is to branch off and do Real estate full time.

If you put 20% down ($20k) and financed the rest ($80k), at 5% for 30 years (Total Interest = $74.6k), if you go the full term, the TOTAL cost to buy your home would be = $174,604.63However, if you buy a home to rent, and you have positive cash flow (this is important), and like above put the same DP of $20k down, with the same interest rate, term, etc..., the TOTAL cost of the this home to you would be = $20,000.Why? 

A full renovation would cost easily $250k.

I was advised by a real estate agent not to withhold the full amount of rent or pay for them myself and deduct it from the rent.

Paul (the only three in Dakota County) and of course there are others spread around the TC metro (full disclosure, I am associated with these communities).

It also allows me to choose which books I need in written format for further notes and evaluation without paying full retail for them until I know.

Ideally, response with a full color analysis would be appreciated instead of just individual pieces. 

The rec building would also have a full kitchen to include multiple refrigerators and stoves for cooking.

I currently have a full time job as a Sales manager for residential Solar and I want to build a RE portfolio on the side and build a second source of income and, possibly in the future take RE full time.     

If you sign that document knowing full well that you will leave in less than a year, then you are committing fraud.