If an operator had debt locked in, who cares what the value is if you aren't selling.

Taking the market rents, accounting for a 10% vacancy, the debt service, PM fees and everything else, it seems like I should be able to cash flow about $600 for the 4 doors combined.

@Doug KirkTo own 8-10 properties in 3-5 years, consider aggressively buying multiple properties or starting small and paying down debt quickly.

It’s probably a smart move that you did not allow the seller to talk you into closing prior to having access/possession of the property.

80 LTV should be doable as long as it's debt servicing.

Our mortgage is our only debt.

You could explore a home equity line of credit (HELOC).Just have to be careful to NOT get in over your head in debt and go bust!

I furnished them from estate sales and local furniture shops, and the furniture/sheets/towels become damaged over time and need some care.I have a PM manage the remote houses, and they cash flow just fine, the PM handles issues that come up, and they paid off the debt on them once.  

If it was unforeseen medical debt, and you've made progress in straightening things out, you might find a private lender to work with you for an eye-wateringly high interest rate.

You’ll invest through your nearest relationship with a market maker or if you don’t have I can sell you oil holdings in my possession, You’ll just need a brokerage account for the holdings to be deposited with