Lastly, keep in mind that most appraisers will try to stretch up to a sales price number, but may be more conservative with a refi.

I have not gotten rich by any stretch of the imagination.

The do the best we can to make the other 70% stretch which includes some entertainment along the way.  

We stretched the limits of our budgets, cashed in everything we could, and made our dreams happen.

I agree, though I think 7 is a stretch.

My plan is to leverage as much as I'm comfortable with and stretch my capital across as many deals as possible.

Surrounding cities that currently peak my interest are quincy, nicer parts of dorchester, east boston (stretch i know) roxbury, allston, brighton, etc.

Owners, however, will sometimes go with the agent that’s suggesting a higher price versus one that is going by what the comps are telling them.Pricing works this way:Too High, no one will come to see the house.Slightly High, looks but no offers.At a discount, multiple offers right away.Owners often make the mistake of “stretching” the price with anticipation of negotiating.

If risk averse to an out of state brrrr or project and needing something in top shape you probably need to look into 10% down options to stretch that money.  

Now, I'm slowly finding out that living in or near a big city in FLA is almost as expensive as NY. 8k pension isn't going to stretch too far as time passes.