For the real estate investor, this translates into buying properties in high appreciation, low risk areas for as little out of pocket (both lump sum and ongoing) as possible.  

Here’s the translation: It costs $0.43 to mail a single letter.

In some settings a Seller will allow for due diligence upfront and expect a Buyer to deliver a final bid number which will directly translate into a purchase price.  

They did not then or at any time discuss the subject" Translation....DOH!!!

Translation: If you default and the SBA pays the guaranteed portion of your loan principal, the agency can go after your personal property and assets to make it whole again.

@Victoria StoneTwo hundred thousand dollars should be fairly easily translated into $20,000 profit in the RE world, most likely a great deal more.  

That often translates into a higher price and smoother transaction for everyone involved.But that's just my personal experience after 40 years in this wonderful business.Good luck to you whichever way you decide to go.

What kind of drop in rents that will translate into I have no idea.

The total earnings in 5 years will be the sum of:Earnings from cash flow from 4 houses: FV(5%/12,60,1000,0) or $68,006.08Proceeds from sale of properties:Value of each property is FV(0.03,5,0,-100000) or $115,927.41Loan paydown for each property is CUMPRINC(0.04/12,360,75000,1,60,0) or $7,164.37, making the payoff balances $67,835.63Total sale proceeds are 4 x (115,927.41 - 67,835.63) or $192,367.12So, in 5 years you'll have a future value of $260,373.20, which translates into an annualized return on your initial $100K investment of RATE(5,0,-100000,260373.2) or 21%!!

If it’s listed at a 6 bed 3 bath price but it has a lot of square footage, there's a good chance you can create a few more bedrooms per unit, which will translate into a better return on investment.Always Check for Leaky ToiletsA leaky toilet can result in an increase in the water bill by 3 to 4 times.