That far exceeds 5.5%.  2.7% at 80% LTV is 13.5% return from appreciation which is significantly higher than 5.5%.I recognize the pat 2.7% appreciation is not guaranteed and could be lower.  

Google says California does not recognize RON.

recognize REFI appraisals in many markets are conservative so look at the lower valued comps to estimate your value.  

As you talk to a couple of people, you will get a better sense and recognize the pattern to it all which is find a good trusted team on the ground (agent, loan officer, handyman, property manager). 

To say that it "can't be done" or is "too dumb to try" is utter nonsense; and should be recognized as such.I'm sorry if my successful story was not sufficient for your inquisitive mind.  

I was looking at Hunters ridge in Denham and that's when I recognized I need to use this time to improving my ROI in real estate.

Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

You asked around and probably recognize the names.

If there's bonus depreciation, then there are items we recognized as being non-real estate, and therefore we cannot exchange them for real estate in the 1031, so there is a possibility for depreciation recapture, and that would be at your ordinary income tax rate (25% deprecation recapture for real estate).

We'd like to continue acquiring properties, & recognize we have quite a bit of equity in our 1st 3 properties we purchased due to timing & buying below market value.