If I wanted 10 years and posted the same property, only taking into account systematic rent increases so that my gross rents at that point are $8k per month and I have $400k in equity, people would be telling me what a great investment I made.

You know the process.This would be my first deal, wherein I would live for a few years before refinancing, pulling the cash out, and start in on investment properties in the Midwest or South.Pretty standard approach, right?

Talk with a few local lenders about how they would approach this and what the terms would be.

The stability here during the recession, as well as the approachable price points and low taxes, makes it a solid market.

As we approach the close of Q1 2020, I was thinking about my own personal investment goals for the year, and if I am going to hit my mark for Q1. 

As we approach the close of Q1 2020, I was thinking about my own personal investment goals for the year, and if I am going to hit my mark for Q1.

As we approach the close of Q1 2020, I was thinking about my own personal investment goals for the year, and if I am going to hit my mark for Q1.

Any suggestions on how to approach this with the seller.

If so, what are "pros and cons" of this approach for me/seller?

Its a systematic take down for control, control of society and money supply.