You have to find the problem with the place and solve it to reap the rewards Thanks for the thorough explanation with numbers to illustrate.

I think what your post illustrates is that whether or not one wants to be a REI depends on what outcome they are seeking.

I'm not saying he can tell the future, but he uses hard facts and illustrates his points beautifully on a number of different topics about the economy.  

In your case, for the slight amount of interest savings you illustrate, there is no compelling reason for me to advise you any differently.  

There might be sympathy in the investments you illustrated - bonds and real estate both falling, for example - but that fall, unless those pulling their money out of those vehicles are stuffing their mattresses, is going to buoy something else.

The furniture isn't high end but it's SO valuable for illustrating function and actual size of rooms.  

Just illustrating that they can work this way.

As illustrated by the near complete lack of response to this thread last week the new design has not been a hit.  

Multiply that by the number of units and/or larger rent increases and you find the driving force behind value add investors.Great illustration ...

Unless you know methods for extrapolating what the true market value is from being able to read and dissect an appraisal, do not under any circumstances take the value from an appraisal and expect it to be true (unless you are in an upward value market)I will attempt to quickly go over one of the most important points to reading and understanding an appraisal that should help you in determining value when negotiating with sellers.Lets take a look at a particular call that I had just today that illustrates so well what I am talking about.