ESPECIALLY in the Millions.... you MUST do an IRR and take EVERY Future Cash Flow into Account.I know that some readers will just be biased against the IRR, they will still be the horse that I bring to the Water but just refuse to drink.I say that if you are serious about expanding your portfolio, becoming that multi-millionaire (or billionaire), then do it from the very smallest to the largest investment as you grow.Caleb, if you are having difficulty with my posts and these spreadsheets above, you are welcome to go to your friend who understands the importance of the IRR.

When a borrower is able to enter into a deal, with an incredibly low barrier to entry of 3.5% (+ additional acquisition costs), wouldn't it make more sense to enter a deal that will bring the largest possible asset at the date of maturity of the loan?

Really two flavors. 1) Someone that has the largest HELOC they can get to use as unemployment insurance. 2) someone has the largest HELOC they can get and peg it from day one. 

I would convert the 3rd room into  a recreation room or something.

As our largest property (sq ft) and from our prior experience, we set a firm cost with our contractor.

There was so little paperwork on the loan it seemed unreal, but I did it and we got that property and I've done plenty more since.Dan,I'm not recreating the wheel, this is how some investment fund pools start up.

Most of us position our meetings for ease of access for the largest possible number of attendees. 

I should add, it's a bit sticky as my up line is one of my best friends and I'm one of her largest legs.

I carried $200.00 as just in case, but of course blew that budget up replacing the largest window in the house.14.) 

Plus, if you practice recreation that’s low cost recreation (running, biking, parks, etc) you can save when it means the most (while young).