Quote from @Glen Wiley: I am not a big fan of those rules - I think they are too simplistic.What will your interest rate be?

I don't know what his market rate rent is for that property.

Once that extra rental started generating income, he realized the higher interest rate was just a temporary hiccup on the way to bigger returns.In your case, maybe look at a structure that keeps your best cash-flow property on a lighter refi (say 50% or 60% LTV) while you go a bit heavier on the one that’s not producing as much right now.

For those who are charging higher nightly rates, where would you say your rates are vs comps to try to weed out the trouble guests?  

"Buy the property, but date the rate!".

Quote from @Paige Corsello: Hi Bobby, the majority of my business is in Pittsburgh, PA and Florida Paige I can go 80% cash out in PA In FL I can go 75% cash out and 80% rate and term

In Philadelphia where I am located the going rate for this service is 1 month's rent.

3-year PPPs are usually reasonably priced while also shaving off those extra 2 years...if you drop below 3, rate/cost can get a little gross.

In the real world, most companies with stock prices that drop down that low are more likely to go completely bust, and whatever you invested will just be lost.Regardless of the game's weaknesses, I think overall it was valuable learning experience.

If you are ever in this area feel free to drop me a text and we can get some coffee at Kohala Coffee or something in the Waikoloa Plaza.