@Shaun OrtizMy first deal 19 years ago started as kind of a mess, but I got it cash flowing after a few months.

If there's any threads that anyone finds themselves always coming back to look at, I'd be interested to know! 

Trying to find out how much this will save me in taxes for the year and monthly payments. 

@Carlos Gonzalez I think the most valuable thing that helped me when getting started was finding good mentorship that came from what you said - The power of networking and building strong relationships.

It would be helpful if you defined your goals (cash flow, appreciation, etc.), plans for the property (long-term rental, short term rental, etc.), and the projected numbers (income, acquisition costs, expenses, CapEx). 

They have the lowest rates we can find and since they are 30 year fixed...they allow us to cash flow better...which helps us qualify for other loans later.

If this is a refinance, lenders will want to see at least 3-6 months to cash out on the new appraised value.

If you haven’t already, connect with a local agent who’s experienced with first-time buyers — they can help walk you through everything from financing to finding a place that feels right.

. - RTO agreement should not give the buyer an equitable interest which would require something more like a foreclosure than an eviction. 

Most investors would not do this proposed deal on many points but most would know that you would not buy the property back but you would move on to other profitable investments to turn over cash for higher investment potential properties.