Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

To me, that tells me it's a "guess" based on "fudge factors" which are based on "nothing" because of the lack of actual facts within the "fudge factors", and lack of any true analysis within the "rule".Third, if the rule has no real basis of facts, or analysis, and is not really a rule in the first place (or the 2nd place, in my order), then I'd say the 70% Rule is about 0% realistic...give or take 70%.

There's a different risk factor for those.Overall, I do feel like the highly experienced investors are underserved by lenders right now and that there isn't really a good product out there for them. 

I really appreciate the input, makes me think deeply about other factors in the deal. 

This lot will support 2,800 buildable square feet so we are looking a building a main house then an ADU (Additional Dwelling Unit).  

Mainly for tax reporting (Depreciation vs Operating Expense).  

That factors in no budgeting for capital expenditures. 

So my main question is, "How do you get your money back to buy another investment if all of your money is tied into one?" 

@William Collins we are meeting at Sliders in Southington this Wed at 630 pm.  1219 S Main St, Plantsville, CT 06479Hope to see you there.Dave

My understanding is that the 514(c)(9) exemption for UBIT for debt-financed property in a 401k depends on a few factors including that the non-recourse loan made to the 401k is not a participating loan.