To sum it up, it's really an enhanced form of arbitrage where you use a line of revolving credit to pay down big chunks of your amortized home loan.

Yes, you CAN use leverage to enhance your profits and control more properties, but to say "you'll always make more profit by using leverage" ignores negative spreads between asset yields and debt costs and always assumes assets will appreciate.  

@Daniel MillsWe've almost never sold a property with boarded up windows, but I view boarded up basement windows as a permanent enhancement, not a temp situation.Windows above the basement are a totally different story and we would remove the boards to sell unless we are flipping totally as is and need the boards for security.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

But, alas, being a newbie, I do have a massage amount of questions.

This will enhance your property.  

Ask your attorney to remove the Residential Inflation Enhancement endorsement and you are good to go! 

Your responses have let me know I may be missing some minor things, but aside from massaging numbers, I am thinking about the right things and not missing any MAJOR items...I appreciate your input.

They know that in the short run price doesn't matter - especially after pooled with other rentals by their cash flow characteristics and a credit enhancement is layered on to obtain an investment grading rating.Buy in the locations they are buying but don't overpay - just sit back and enjoy the appreciation as the hedge funds demand for product increases.