That's just the appreciation.One might look at that and conclude that leverage is better than having properties free and clear.But this is not the case. 

After trying to make a number of condos in MA 'work' in calculations based on renting them out, I finally concluded that the only good investment condo is one that you have converted yourself - buy a non-condo mutlifamily property and convert to condos for a higher ultimate resale value.I tried to make those numbers work because the units were in good areas and listing for about 1/3 the price they had previously sold for.

The problem with trying to get to the bank before the foreclosure has been concluded (by the sheriff sale) is that the bank cannot talk to any third party regarding any loans without an "authorization to release" information having been signed by the borrower; it's just a loan to the bank until after the sheriff sale.

We need some funding to conclude them.

I conclude that one kitchen is not permitted. 

That concludes my motivational minute lol. 

We concluded that it was best to credit our tenant for the nails left over from the contractor and then notified our contractor about it for future vendor credit for the damages incurred. 

@Brent CoombsI didn’t conclude that it would be good to not pay off the house.  

I can name two things that will conclude you are operating without a license and will constitute an illegal activity. 1) The LLC owns the property, that throws YOU being a "HOMEOWNER" out the window, you are NOT the LLC.

You can almost safely conclude that expenses will be around 45-50% of gross income (current, not pro forma), send in your LOI, if accepted, then dig into the financials and proceed from there.