I can also find my way around a spreadsheet, with some effort.Two issues for you to start with are: when looking at a fixer, the basics of real estate applies even more and that is location, location, and finally location.

Will be sure to apply it as well :)

People apply just to see if you check.

Unless your loan agreement has a pre-payment penalty, making lump- sum principal payments is an excellent way to reduce debt and build equity because the excess payment is entirely applied to principal reduction, no interest..

Then, you could do some "rehab" using some of your $50K in stocks to get it to pass an inspection by the bank prior to applying for a mortgage.As far as taxes go, if you become an owner occupant, you might be able to reduce the taxes with some exemptions like homestead.

And all your other debt payments factor into this, too, not just housing.However, there are reserve requirements in your situation: Current principal residence pending sale, converting to second home or investment property:Additional reserve requirements apply to these transactions.

If tax records are no help, then consider having a professional appraisal done that does allocate the appraised value between the land and structure -- this will give you an allocation ratio that you can apply to your purchase price.

Paying off the loan "instantly" gives me a 24% CoCR for the next 6 years.It has no effect on my DTI since I apply for new loans personally and the student loan debt is in my wife's name.The price of real estate in my area is all over the place.

@Brant Griffin This applies to all vacation rentals, but how are the vacancy rates for vacation rentals in Palm Springs?

Zach,When you select a business name then you need to apply for a Duns#.Joe Gore