But they can always use proceeds from anywhere else and swap the note for cash. 

My handyman will do a panel swap / upgrade for 450 bucks .. live !

I won't buy a house that needs plumbing/elect swap. 

I could pay my carpet guy $75 to clean them at turnover, or spend $400 and a weekend swapping in laminate.    

It was based on the 10 year default swap with a 30 year amortization.  30 year fixed was not available. 

Or just 1031 into a NNNHere in NYC, many of the families in RE like to say they will “swap until they drop”.

Hey everybody,This is my first  post and I am excited to learn from all of you.After all my research I'm quite confident that I would eventually like to get into the buy-and-hold or lease swap strategy.  

You're one of the few that have mentioned writing your goals and having a plan to achieve them.The only thing I think you could do to improve, not knowing your whole story, is to swap monthly for quarterly goals.

If the cosmetic stuff is 30 years old, you can swap it out to get a little more rent.

. - Market rates will add $1000 to rental income, making the end result about $130 cash flow per door, and a Cash on Cash ROI of $20%+ after factoring in 6 units each one month unoccupied due to swap out of tenants.