That will decrease some of that subjectivity you mentioned.  

My concern is over-leveraging... can banks call a HELCO if another 2008 happens and the price of our home decreases... like they can with capital calls on commercial real estate?

The FDIC and many state regulatory agencies will require the lender to substantiate a global portfolio freeze based on value.In the past, I've frozen my entire portfolio but I was able to document that, on a global basis, values had decreased in excess of 50% from origination value.

The purpose was to decrease the number of poorly maintained properties.

So, if you can increase the rents by adding value (renovating to increase rents or decreasing the expenses), you will force appreciation and increase the property value.So, you want to purchase multifamily properties that are under-rented, outdated, and are spending too much on expenses.

Looking for 10% or higher CAP rate from rentals…better returns than index fundsOrBuy and rehab/remodel an existing apartment complex in a B neighborhood and hold…I rather do the former (low maintenance)Location:I was thinking Orlando, Tampa, Jacksonville areas…good demographics, steady real estate appreciation, low unemployment, relatively low real estate prices… I currently live in Seattle area and the prices are extremely high for this kind of project.I am willing to temporary relocate or commute in order to manage the project (wife will take care of the existing business).I am looking for advice, suggestions, comments

For example, how do you decrease the liability in the case of fire?

Would it make more sense to purchase property to AirBnb (approximately $325.00/night) and have the $1,500.00/month mortgage or to pay off our existing house to decrease interest paid over the course of the loan? 

If China buys more notes, it floods the market with dollars, creating inflation and…you guessed it, Fed increases rates.If you are a long-term real estate investor, rate increases are GOOD If rate increases, mortgage rates go up as well, making it harder for buyers to pay for homesIf rate increases, homeowners that have a low mortgage rate will be reluctant to move from their current homeFewer sellers and more buyers not affording a home lead to an increase in rental demand, driving rent amounts up and decreasing the time to find tenants for your rental properties.When fools money rushes out, smart money comes in!

I'm assuming we will see an uptick in both locations for a short period while the displaced individuals look for temporary housing until insurance can fix their properties.