He also did a very superficial rehab job, so we spent several thousands more on the unit when the new PM took over.

My unit is a 2/2 in Destin, but on the North side of the highway. 

Do your first rental unit.  

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).

that caused me to turn to music, I haven't listened to music while working out or on a walk or working in the yard for years, its always been podcast time, in the interest of maximum efficiency.  

I can understand the temptation of wanting more rent from your multifamily home however I would add this to your train of thought:What would happen if your tenant in your illegal basement unit burned down the house which caused another tenant to get hurt or even die?

I just closed on my second 4plex in Emeryville this week, which is 75% occupied, and every unit is renting below market (~$250-$1500 less).

One time (the $100k) time, we found that the sewer line from a 32 unit apartment building actually just dumped into the creek and was never hooked up to the city sewer system which ended a few blocks away.  

ya its not like moving to a 3rd world country plus you can get health insurance once you have your Golden visa for a very nominal amount according to my friend that has a Golden Visa. the 500k has to be in cash though I believe.. they bought a unit in Porto and one just north of Lisbon. sure beats Mexico I can tell you that..

The zoning laws in my market are 3 per unit.