Thanks for the explanation, Jason.

@Jaysen Medhurst  Perfect explanation! 

Turnovers are expensive.So, if you look back after 10 years and you only had 2 turnovers vs 4 turnovers because you charged 5% under market rate rents you will be far better off financially, not to mention in terms of the qualitative aspects of owning a rental.I will spare you the really complicated explanation, but assume a turnover will cost you $7000 including vacancy costs.4 turnovers will cost you $28,000 over 10 years.2 turnovers will cost you $14,000 over 10 years—and your 5% rent reduction will cost you $12,000.$12,000 + $14,000 = $26,000 over 10 years.There are further auxiliary benefits as well.

This $10 device has saved our bacon on numerous occasions.

I have gone through numerous marketing paths and can provide guidance.

Always love our back and forths...and hysterical was the question, not the person...and the explanation should have softened the wording.Also, the poster commented later that I was right, when he rephrased his question....and you're right, this is a forum...and it should be fun. 

Bottom line is you will need to have a good explanation to why you are purchasing a new residence as a primary.

Those are four of the basic way people funds deals, there's different hybrids of all and have some variation in rules and regulars per state but that's the rudimentary explanation of funding. 

@Joe Splitrock Good explanation, and obviously with all the competition for deals right now people are typically either over paying for properties or just not buying at all in a lot of cases

@Marcus JohnsonI've challenged and won numerous changes to my valuations on my multi family properties in MPLS.