@Brian Bradley you are explaining how to do equity stripping, but @Kenneth LaVoie question (I think) and my interest too is more along the lines of...is large equity making you a juicer target for lawsuits and is the mortgage a deterrent?

We are looking for something very specific (1800sqf, 3 beds, 2 bath, pool) and must be visually pleasing haha.

I believe if you truly are kinda shaken up about this the possible deterrents that you could setup are endless. 

(Some towns also have an Architectural Review Board that reviews the plans to help insure that no one builds some monstrosity that detracts from the visual beauty of the neighborhood, or something.)

Once they come to your house to template your cabinets it can take 2-5 days to have it installed All this requires an ability to use a tape measure and be able to visually see how your counters will be cut out of one two or three slabs of granite including waste.

To visualize this for you, if you purchase a multifamily for $300,000 and put 3.5% down ($10,500), your loan amount is $289,500.

Here's my fix and flip model (which 'Projects' my return should the terminal-value change upon delivering the product to market, allowing me to better visualize the risk of the deal):And here's my MF hold/flip model (just shows me the key-metrics at today's values so I can ensure I'm offering at a price which suits our desired return thresholds upon sale or hold):In my MF model, there is a 'Months held before Sale' that will increase the NOI by 3% every 12 months, but that is the only 'Projection' in this model, and I practically never use it:For projecting if a market (and respective deal) is good, I have to look at market-analysis data metrics (absorption, $/sf, rents, etc, all over time, so you can see if something is peaking or undervalued).

Hey @Frederick William - Thankfully we don't use a whole lot of stucco here in Chicago, but I have worked with it quite a bit in my past life.As someone mentioned above, likely the horizontal cracks are likely structural...I'd like to see if you can visually see any cracks on the inside...also on the interior of the house look for any windows or doors out of alignment or general cracks in the drywall, these will indicate longer-term structural movement.If you just see it flacking that is just the stucco repair...chip away the flacking to see how deep the cracks go.

Thats what makes me want to jump in on this.When you tried to help end buyers see the beauty, did you use any kind of interactive programs to get the visualizations thru?

[/url]So I created a google sheet to quickly visualize where the money in each city lies.https://docs.google.com/spread...So what I did is make a spreadsheet that shows what 'rent rate' may be available based on income and number of residents at that income level.