[quote=FormerSanDiegan]
b) Take a loan for 75K and have immediate cash flow of maybe $600 – 700 per month.
[/quote]
I forgot about that aspect of the deal as well. You aren’t even cash flowing. You have to wait until the end of the deal before you see any money.
Probably best to just advise your client to move to a lower cost of living state. Albuquerque, NM might be a good option. Property taxes are low you can get a condo for < $75K. Climate is pretty nice year round although it is at elevation. You aren't staying in San Diego for the kids or grand kids.
