We did nothing to it, just rode the appreciation wave. 

@Wave Taylor - I have.

Its a slippery slope with legislation, but if I can ride this wave for as long as I can I can put away some serious cash, so that if/when things change I will be well prepared to change my strategy into accumulating long term rentals or something like that.

Minimum $3M on assets and you'll receive a $1M-$1.5M LOC.There are a number of programs out there, not everyone has $3M on assets to leverage against, but unsecured LOCs can often be costly and wave the benefit of efficiency.Hope this helps!

I make money by buying low and riding the equity wave during the construction process. 

I think in the short term the price goes in waves and it can depreciate in the near term.   

They are simply waving the contingency that would protect them should they not qualify for traditional lending. 

I could see an unscrupulous tenant waving the full year's rent in front of you to distract from their negatives. 

Here in Tampa that could be 75-100K price difference in those two homes. 4.8 ppl can comfortably fit into a 2br/1bth home, the cost to acquire is significantly cheaper, and the difference in yearly earnings is so insignificant that it doesn't make sense to splurge on the larger units unless the investor is riding an equity wave and plans to BRVRRR.

When you need your HVAC serviced, you call the one you trust, the one that fills your local radio waves and mailboxes, they build brand trust, you should do the same.