You are look way below the Middlesex County limits.I totally understand not wanting roommates, however, the ability to supplement even a condo with roommates can be phenomenal and an easy way to get started in RE investing.You final question has a few concepts packed together:1. -$100 a month does give you some tax losses plus the depreciation.

As I understand these are pretty hands off real estate deals, which is nice for convenience but i'm really scratching my head thinking that a 8-13% return is worth the risk, especially considering what US equities have done over the last several years.

You're question is pretty broad.

Hi @Randee Howard not sure that I understand you. 

@Anshul Jain @Brian Campbell - Google and the BP forums are a good place to start for a broad search.

It is my understanding you need to have the full required points.

Some of that would also be used to pay the ~$1500 in closing costs on this new loan.I understand that this increasing how much we are leveraged greatly(by 34k). 

While listening to podcast #283 (which you should listen to in case you haven't), Paul mentions that when he wants to buy a house, he sends the homeowner a three-option letter of intent with the following options: Cash offer (percent of what property is worth minus repairs, typically 50% of after repair value, this is the lowest value offer of the three that are given)Owner financing (interest only, this is a higher offer)Owner financing (principal only, no interest, this is the highest offer)Option 1 is easy to understand, the ones I don't know how to apply are 2 and 3.

@Mike Williams I understand getting back most of your cash back.  

Understand where they are coming from, why they are looking to sell, and what their situation is.