I meant for Navid to obtain a HELOC type loan without the need to refinance the current debt (I suppose if available but there is always a way).

Maybe I didnt express well that it was meant for landlord.Thanks.

The 1% is meant to represent a point where the rental is likely to just barely generate some positive cash-flow.

This post was meant to be a positive thing and not written to offend or bring negative comments.

@Dan H   True I meant Tampa Bay specifically

My response to the tenant was that expressed concern meant risk was known beforehand and proper steps should've been taken to protect property regardless.

If you meant CoC-- sure but that metric is not best for REI.

(ME) We don’t have an ad with Zsa Zsa Gabor“Oh yeah I meant your ad with Joe Namath.  

I didn't meant an apartment.

You collect 8k, so csh flow 1500/month with 25% equity of 1.1 million on paper with 25k real dollars invested.I'd do it if the 25k meant absolutely nothing and wasn't stopping me from pursuing any deals.