Lets say the accessible equity was just sitting in a bag... how would you leverage that 150k into something else...? 

BTW Buffet is a total scum bag for what he's doing to people that buy Claytons homes.  

We're all a mixed bag of nuts and react differently.

However, so is always staying leveraged - at some point you will be left holding the bag.  

She says she got a bag of food from a food bank grab n go drive up, and that a friend has added her to their phone plan. 

:Nobody is going to give you a 90% cashout on an investment property.I can confirm that, there has to be skin in the game and at that LTV you would have almost none and the lender would be left holding the bag.

I've found it to be quite a mixed bag in terms of operator skill and expected vs. actual returns.

@Bryan Harvey,  You've got 27 years of compounding deferral already in the bag. 

Mine has been a mixed bag.

There are several layers to acquiring an STR/MTR and one of them is location, but if you leave out the other 6 layers, you could be stuck holding the bag and doing marginal, or worse, losing money because the other factors weren't considered.