The same money could buy 1-2 full properties that would rent for more, depending on the market you choose. 

Its going to really depend on your location, scope of work, and finishes.

Just depends on the situation/scenario.

Philip, it really depends on your county’s housing authority.

It all depends on what your requirement for cash flow is.

I am looking at 1031 possibly or just fixed refi/or use my heloc for the time being on a value add for a building 10-40 units (market dependent on price). 

Depending on how long it takes you to save up the amount, you might want to also allow for inflation on that amount for your continued savings.[2]   Read Rich Dad poor dad.[3]   Think about getting a second job - possibly a temporary job - save a 100% of the money.Just my 2 cents.

Hi @Charlie KrzysiakIt is all depends on your goals.

Hi @Zhong Zhang I have used vacancy hacks over the years to get personal properties under 1% when turning tenants over. 3% increase depends on renewing or getting new tenants, when renewing tenants that's  a safe amount. 

I think they used to go up to like 80-85% CLTV depending on credit score.