If he's willing to stretch it out for 20-30 years at a fixed rate that's ideal....and rare.... but it does happen. 

So the power cord is just dangling behind the cabinets, which I can barely see through a drawer which does not come out easily at all and would need to be disassembled in order to pull it out, grab the cord and stretch it to the far side of the drawer and plug it in.After trying to reach this any way possible, my agent and I were kind of scratching our heads and wondering what we would buy at Home Depot to plug this in and avoid taking apart the drawer/cabinet.I called out to my awesome 5 year old, Kahlan, who wanted to come with Daddy to the house and asked if she thought she could fit in this drawer and if she wanted to be a hero.

With this, you put a down payment of 25%, and finance with a bank loan for the rest.This way, you put other people's money to work and stretch your $$ across a few properties!

Just be sure you're not stretching yourself too thin and over leveraging.If you use a HELOC from your primary residence, I highly recommend you only use it as a short term find that can be paid back in less than one year.

You have to figure out how to build a solid financial foundation before you start stretching yourself through investments.You should also find a local real estate investors group, even if you have to travel to do so.

Be careful not to stretch yourselves with the mortgage payment if you will also have to pay a credit card balance or another loan.

Derek I would say 3.8 is a stretch as its a condo and investment. 

@Doug McVinua As a Property Manager in the valley, would you be able to stretch an hour to take care of a property there?

In Massachusetts, Lexington, Winchester, Arlington, Belmont, Bedford, Lincoln, Concord, Lynnfield and Westford would all be fantastic, although even the lower end homes in that area are going to be a stretch for us to purchase.

I have to stretch my numbers out 1, 5, 10, 20, 25 and 30 years to see what I can do with the property.The funny thing about the Cap Rate is I went to real estate club meetings two times when the speakers who were super experienced with real estate could not explain what the cap rate means nor did they know how to do the math.