However, you can indeed structure deals which blend conventional and private financing and thereby achieve 100% leverage.The thing to understand is that financiers view you as a money manager.  

@Hannah Hammond  if your borrowing the money for a buy and hold your essentially 100% financing with a first at whatever rate and your 200k second at 10% this adds to debt service and as the market has strengthened cash flow may not be very good at all with your blended rate.. you would need to find a really good deal.. ergo the value add play.. 10% money for value add is VERY good.

What I can't do is walk on water for an investment grade tenant that trades at a 5.5 cap with multiple offers sell for a 7 cap.Buyers often mistaken NNN for some high immediate wealth growth strategy while staying passive.This is more of a product for long term wealth with dirt value and blending the cap rate up over time.

Personally I've developed a blend of investments across all spectrums (low, mid, luxury) to stay diversified and cap my downside for just such a crash.

Of course, before you decide on a roof tear out, you should have the entire exterior and new roof blend in nicely for good aesthetics.

Actually, I would fix any bad areas and then coat the whole house to blend the repairs in.  

Take amortization back out and look at what you actually have going on: Property A = $2,629.99 (your profit % = 0.46%) Property B = $3,105.15 (your profit % = 2.07%) With your equity idea: Property A = $23,404.94 (your profit and equity % = 4.06%) Property B = $9,116 (your profit and equity % = 6.08%) The rate of earned equity is a function of the blended interest rate of the two loans, the blended rates are as follows: Property B Cost of Funds = 7.23% (the entire LOC) Property A Cost of Funds = 5.70% (LOC + Seller Loan) At the end of 10 years, you have paid down both sets of loans: Property A = $208,595 or 63.84% of balance Property B = $50,577 or 67.28% of balance Less interest in rate, will be less interest paid over time in aggregate however, it will also slow the rate of principal reduction as a function of amortization.

Used to syndicators could buy 5 to 6 years ago high cap deals at the bottom fully stabilized and let cap rate compression do it's thing.Today it is much more about value add deals to blend the cap rate up and increase the IRR.

They will pay 5 to 6 caps going in if they believe through cost savings and revenue drivers they can get to a blended cap rate of 7 to 8 in 5 years time.These are generally properties for 20 million and up in price.

The scratch is filled in with the wax, blending it into the rest of the laminate's surface.