@Greg PaxtonThen you should consider duplexes, triplexes, and quadplexes as having multiple tenants keeps cash flow going in case one moves out...The delta of cost between a door, and multiple doors isn't that bad of a hit on the front end.

there was a podcast with a pilot who would fly to a place for delta and the sleep for 4 hours, then work in real estate and then fly back.Does any one know what episode it is or even if it's another podcast entirely. 

oh you do cash secure put :)I only selling gamma and volatility in SPY everyday, near at the end of the day I delta neutral it .....same like cash secured put, I think like a bank/dealer LOL

And in our market you need cashiers check for the opening amount to be able to bid.. you have to qualify the funds IE present to the crier.. which is not a sherrif by the way its a for pay company many times they are PI companies .Anyway there were a little tribe of these guys in the PDX market that could pay a HML 300 bucks to get a opening bid check... then show up with no intention of buying only intention was to get lunch money. .which usually started at 1,000.. so they make 700 on the delta or more like you I have seen some pretty big payoffs.. 

The flip side of that is you are hard pressed to find a 1.5% deal in a decent neighborhood, but there are plenty of 1%ers.We have some of the best schools in the country, safest streets, diverse economy, lots of large and small employers and are not dominated by a single sector, which probably contributes to our stable prices (3M, Target, Honeywell, General Mills, Delta Airlines Etc.)

Our carrier require our GC to up his to 5 million.. our contract calls for our GC to have 2 million.. so we had to pay the delta for that. 

Most qualified plumbers I know recommend staying away from the $90 Glacier Bay toilets at "Home Cheapo" and recommend going with a Kohler or Delta toilet instead.

@Nate Garrett I would compare the interest portion of the payment of the three loans, as that delta is your true savings.  

I would then lend the money out to fix and flippers at 15 to 20% APR   IE HML  and make the 15% on the 1 mil  that's 150 a year... then make the delta between the 7% bank rate and 15% low side  for 8% spread on 5 million which is 400k a year... there by grossing before tax  a tidy 650K a year...

@J Martin - the $460K fixer I was using as a comp (770 DELTA St, 94134) appeared to have a tenant paying about $500/month, so I assume they've been there for 20 years and the place would need new kitchens, baths, floors, all windows, roof.