unless of course your a math wizz but most folks are not.and especially at least out west were there will be questions about township and range etc etc. 

$300-$400K range - Northeast - (anything in the Reagan or Johnson school district.

Let's just say you send out letters in the $20,000 range. 

In lower price ranges the buyer pools tend to be larger and many pay cash.

So some basic numbers on these homes:Total estimated value of all homes including their primary home: 5.8MTotal remaining loans on homes: ~900kInterest rates on these homes range from low 3’s to mid 4’sSo two questions: 1) Do I need to cash out refi each individual home if I want down payment money or can lenders lend based on the entire portfolio?

I think most places are in this range

I focus in all new construction where full return of capital is the value. upside for single family and multifamily new construction and developments. value add at every piece of the project. hard to do that with existing inventory.

Will there be new inventory close to your assets that might affect the rents or appreciation. 

The average monthly PM fee we charge is 9%, with a range between 8-10%. 

I am really trying my hardest to purchase at least 1 other property this year, ideally 2 more.I am looking for slightly distressed properties in the 50-120K price range (yes it's possible), should I look into borrowing money against the condo?