@Kuba F. - I read a post on completing comps and have setup an Excel spreadsheet similar to the one used in the blog post.

Forget the Wi-FI enabled learning thermostat and get the Home Depot cheapie.

ThanksAs long as they don't change it with the AB 1506 ruling next year http://www.latimes.com/business/la-fi-costa-hawkin...If you live in California write your local politicians

I understand it from a risk aversion perspective, but from a property value perspective (especially in a cash out re-fi situation) it doesn't make any sense.

My view:If you want to buy long-term money, then re-fi.

I just need an decent Wi-Fi speed to make either work.If you did want to add this and don't have smart tv's, then you could add a Blue ray players that has this and have a $9.99 Net Flicks account.Just add instructions in your house book on how to use it.

I have paid off most of primary home so broker is not able to do re-fi (~212K) at lower rate with no point no fee loan.

And they wonder why businesses and people are moving out of Cali:http://www.latimes.com/business/realestate/la-fi-h...For instance if you just look at something locally in Long Beach California. 

@Chris Fi I am very used to buildings built in the 50's and 60's as I own a lot of that vintage here locally in Berwyn and Cicero, IL.

In addition, my competition is less sophisticated, my ability to build equity is strong and my exit options are many (seller-fi, seller-fi direct to note season and sell, sell to retail buyers, seller-fi to another investor, lease option, sell as a performing asset to another investor, get lucky and sell the whole portfolio above market to a hedge fund that's one a buying mandate (lol), etc)I think the cashflow achieved is very strong, considering I left very little cash in the deal (none, really, considering the refis where I pulled out 30-40k+ more than I put in, eg Property #1 & #5).