Its also just one part of the puzzle right , so if everything else on the deal makes sense, there is upside , but then you have to pay 10k more than you felt was fair for the homes, its really irrelevant in the greater scheme of things.  

I have to say that is really puzzling me.Most investors should fare much better if they just buy move-in ready or even new properties in a decent neighborhood in a growing market, and then hold them long.

It has always been a bit puzzling to me that people lurk without posting.

I'll help you define unnecessary too because this one seems to puzzle many people.

I was approved for a mortgage last year without this issue, so a bit puzzling why this roadblock is coming up now.

The sailing away part is the easiest piece of this puzzle - just keep focused and you can make it happen.

While the cap rate is a consideration when making investments, if you are investing based on a spreadsheet with a cap rate on it, thats one small piece of the puzzle.

You will earn more in compound interest over the time period than you will spend in simple interest, so you end up with more cash at the end than you would have had just paying cash and saving it up again, and again, you don't interrupt the compounding, which is one of the most powerful pieces to this puzzle.  

I'm puzzled, too.  

I wish I had figured out the OPM piece of the puzzle at that point in my life...