Think about it: a first time home buyer given the choice to buy the same home for let's say half price responds with a hard no, happy to pay double - what does that tell you?

Im really considering half Heloc and half hard cash for a down payment 5%.

So we counter back at half   or less of what the broker ask's for..

Adding half dozen single unit is far less expensive per unit.  

Oh that’s worth half what it was two weeks late?

I suspect most of those folks will  be somewhat upside down if you take in all the interest they paid on half built homes and the cost to put those homes back into production.How are lot prices in Lehigh ??

With my mortgage eating half of my income, it sounds crazy to take a second one. 

Lets say you get it for 205k but the rents will only support less than half of the expenses or overhead?

That eats up half of your equity position right off the bat.

I have not seen Eddie's stuff but what I can tell you is that it's probably not worth half that, maybe 25%!