you clear 50k and you are out clean vs. an absolute (and I think optimistic) max of 55k with all the risk that entails.

But that entails doing it more or less passively in one or both markets.

You are the one making the assertion that 6 Caps don't "work", so the onus is on you to back up your statement with facts, NOT on others to prove you wrong. 

Or your assertion that they should be targeting 10-12% IRRs for opportunistic development real estate projects.

Its also a great way to experience what being a landlord entails.

Would you mind explaining what this entails?

So maybe it's better you haven't pulled the trigger.In my experience, taking a little time upfront to really clarify your goals and also clarify what each strategy option really entails (goals it hits, risks, risk mitigations, etc.)

I had heard about the event but didn't know what all it entailed until moving here.

Research refinancing, ask some banks and lenders about what it entails and what the LTV will be.

It is also wrong, they assert, that landlords are just sitting on their rear ends, enjoying higher rents, because there is a greater demand to reside in New York, San Francisco, or Boston than in Jerome, AZ, or Bonanza, CO.Proponents will ignore the unintended consequences of rent control.