After a while (dozens of deals) you will have a huge surplus of PALs.

Will you see many more developers ending with surplus on their projects due to market condition domestically and Intl and consumer confidence lower and lack of liquity on the secondary market?

From an appraiser's perspective, the surplus land doesn't always increase the value unless it can be subdivided.

. :)The surplus funds (difference between the 50K owed and the 250K sales price) are paid upstream in priority of the liens, then the to home owner. 

You'd have a mortgage on the 2nd home and cashflow (from the tenants hopefully) and pay back the HELOC (on your 1st home) with the cashflow or surplus income that you have from your regular job.

Now there are less 2-4 units so supply is low and those prices are going up, but we have a surplus of SFH and prices are not increasing.

If you have deep pockets and are not interested in earning a income you may choose to park your unnecessary surplus cash in high potential appreciating real estate.  

And then once you actually own it, any surplus rental income from STR is icing on the cake.And you take that higher STR income, and do nothing but stash it until you have 6-12 months of payments saved up.Here's what just happened:A bunch of people underwrote the deals assuming STR income, allowing them to justify the highest possible purchase price, mortgage balance, and mortgage payment, of any other buyer considering purchasing that property.I, their loan officer, told them they also needed six months of reserves, Per Fannie.

I don't even LIKE dollar stores; however, I know they serve a purpose and when it comes to cleaning supplies they really can't be beat, unless you want to buy surplus amounts at Costco!

One of the largest REI guys I ever knew drove a government surplus Dodge ½ ton pickup.