For more reading and sources:https://www.census.gov/quickfacts/fayettevillecitynorthcarol...https://censusreporter.org/profiles/16000US3722920-fayettevi...https://censusreporter.org/profiles/31000US22180-fayettevill...https://worldpopulationreview.com/us-cities/fayetteville-nc-...https://www.realtor.com/realestateandhomes-search/Fayettevil...https://www.redfin.com/city/5903/NC/Fayetteville/housing-mar...https://datausa.io/profile/geo/fayetteville-nc/https://www.neighborhoodscout.com/nc/fayettevillehttps://livingcost.org/cost/united-states/nc/fayettevillehttps://fred.stlouisfed.org/series/RGMP22180https://www.fayettevillenc.gov/city-services/development-ser...https://worldpopulationreview.com/states/cities/north-caroli...https://www.huduser.gov/portal/sites/default/files/pdf/2023-...https://www.huduser.gov/portal/datasets/ahar/2023-ahar-part-...https://www.fayettevillenc.gov/city-services/police/crime-da...https://www.communitycollegereview.com/fayetteville-technica...https://www.uncfsu.edu/fayetteville-state-university-sets-re...https://housecashin.com/investing-guides/investing-fayettevi...https://www.biggerpockets.com/forums/921/topics/1089098-real...https://www.biggerpockets.com/forums/921/topics/1122769-real...https://abc11.com/fayetteville-nc-murchison-road-revitalizat...https://abc11.com/crown-event-center-desisgns-fayetteville-n...

In that case, I would pay it without discussion.

(I could probably get this increased but I'd have to get primary residence Sq ft re-evaluated since the basement is finished and heated but of course thay would increase my property taxes.)Thinking about refinancing primary residence and taking money out to do the additional building. 

Consider expanding your markets you are looking in so you have exposure to more properties, and if you haven't already, engage with a RE agent who specializes in investment properties so you may have some insight to properties before they hit the market. 

Zillow predicts Columbus to be the 2nd hottest RE market in country due so many fortune 500 companies investing here (like Intel and google).

so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.

Re-reading your replies helped me learn a lot as well, I appreciate the time you take to post here and help people.

These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 

Have you created your A team of financial, legal, RE mentors, growth consultants, cleaners and contractors, etc?

There was a very informative discussion here on EIUL recently: http://www.biggerpockets.com/forums/51/topics/68664-eiuls---equity-indexed-universal-life-insurance