Elliot, 30% is way too high for vacancy; trim that down to 16% max (that's high)How did you arrive at 75% LTV? 

I guess my post was adversarial towards investors in the colder climates and well deserving of that response.It's just with: vacancies, repairs, and all of the other issues that arrive on us all, why not eliminate the need for a furnace?

After they drive 2 hours in traffic, they arrive at the office, and they call me to tell me they arrived.

Even before the train arrives these cities still have some of the highest cap rates in the state.Cheers to your success!

Hey Jonathan, I’m in the same situation and have arrived at the same result.

@Cody Barna unfortunately air b&b is not an option for me, house hacking is definitely an option considering the Discounted labor I can get from many of my subcontractors, however, I feel that might just be a bit too much for me at the time considering the baby’s arrival.

When faced with so many opportunities or routes we can take, I usually try to figure out where I want to end up, then work backwards to find the best method of arriving at that end goal.

I arrived at the home of a potential seller to review their house and negotiate a deal.

I would send a formal letter but before the letter arrived, I would call and try to speak to the decision-maker (manager, director, etc.).  

(I arrived here by subtracting the new payment of $690 for the original payment of $815)Now we can see if spending the $8,500 is a wise decision.Brad will get paid $125 a month for 20 years and it’ll cost $8,500 to do it.Let’s put that into the calculator and solve for I/YR:N=240 (20 yrs), I/YR= ?