I think $405 is a stretch.

If rates go over 5% for any stretch of time, sell sell sellI am a very skilled spec builder so my experiences personally have had enhanced opportunities.

The reality is that at times I will stretch and go 65Xs but it just depends on the quality of the property and area.  

It stretches 350 miles across the state heading to Marcus Hook just outside Philly where the materials will be put on ships bound for Scotland to be made into plastic.

There is a running joke one sponsor has that everything is a 5 cap in DFW, a bit of an stretch but you get the idea.

Even highly recommended GCs like to make bad decisions when left to their own devices.I had used the same GC for 8 years, but had to fire him from a project about a year ago, because he decided to stretch himself too thin, or mismanaged his money, or something. 

The asset must be underwritten to agency standards but there are levers that can be pulled to lower expenses and boost NOI to stretch proceeds.

I live in the Bay Area and have enough for a down payment on a property here, however, I know it can be harder to cash flow here and I was thinking maybe i could stretch that money in a different city (thinking about Phoenix area) where the market isn't as high, where I could probably put that down payment into two properties. 

One of the reasons I'm not a huge fan of annuities is that they are so complicated it is hard for clients (or myself) to understand them fully.If I were in your shoes I would call the annuity company and ask them to explain what each of the values in the statement mean and what you should expect to receive.You'll probably want to stretch the IRA over your life expectancy.

You're also talking about a loan of greater than 70% ARV and 10% down which are both stretches for a new investor.