We put 35% down, so we have plenty of equity in the deal and feel confident it will appreciate massively, so the interest-only option made perfect sense for us.

If you find a massive amount of deals in 2022, well, that is great. 

With today's prices, you just need to think long term vs seeing massive cashflow today (not that its not possible). 

Even if it’s not a massive moneymaker, you still learn a lot and figure out what to do differently next time.Since you have a broker on your team, lean on them to do a comparative market analysis.

If you have no idea what any of this work costs, what the property needs, or what the ARV and rental value is then you will be taking a massive amount of risk.  

For example, on one of our properties, we installed all brand new low flush toilets and reduced our water bill by 55%, a massive swing in usage. 

Of course there is always the risk of leveraged ETFs folding up but TQQQ is pretty massive.

I think we are all speculating based on the fact that you say there is a lot of deferred maintenance and updates and the tenant is okay with it at the current rent level, that the current rent level is very affordable and a $600 jump would be massive.   

Doubling your money MUST come with MASSIVE risks.

I just listened to this last night and David Greene answers several questions throughout the episode, one being what to do when you have a massive amount of equity in your house and the best way to analyze your situation and then capitalize on it.