You're going to bleed cash before you make a dime in booking revenue.

The homeless man sleeping on my bleeding hearts 4 days ago was really the final straw.

Bleeding money that a pro wouldn’t is just going to happen.

Ironically, the bleeding hearts attacked me as cruel and mean when what I was saying is it will be cruel and mean ultimately to these very people.. 

The low appreciation (<2% since year 2000) is magnified when leveraged but the real numbers on your reference property bleeds cash each month.  

Quote from @Jeff S.: Well, we don’t own a G-5 like @Jay Hinrichs 🤣, and our process is much more local, but not much different in terms of borrower and property qualification.We only lend in Los Angeles and North Orange County.

Not to mention their bleeding populations.

With your primary residence, however, that will matter with most programs (there are a handful of programs that might work to bleed equity out of a primary residence, but they are more pricey than conventional financing).  

Why would you throw another $800k into a market that you're bleeding money in?

A high LTV purchase will bleed cash at purchase.