Your transaction was not the norm, anytime you get lawyers involved to draft things, things tend to slow down. 

But I am quite a bit younger than you and tend to keep my properties leveraged.

@Jeff Sprunger - Yeah, I've noticed tenants over here tend to be very clean (as long as they don't hoard!) 

It has been my experience, however, that the underwriters tend to low-ball that 75% figure.

So when the purchase price is on the lower end, the percentage tends to be higher because there are fixed costs involved.

The problem with 95+ percent of those is that the math doesn't work.There are a lot of ways to approach BRRRRs.. for me, I tend to work the equation "backwards".  

And yet, most investors, big and small, individual to institutional, tend to only focus on one thing: the monthly management fee.

Only de facto rent control at 3% which is nuts when real inflation is hovering around 20%.   

Staged homes tend to sell faster because they help buyers envision living there. 

I spent the past month reaching out to 300 former note investors and less than 10% are still in the game because they found it too difficult and not worth the time of effort.Throw on that the NPL space is a $300B industry as well and there is plenty to go around note bizz is another tough nut to crack..