If I'm going to go through all this, you can bet it's for an asset I keep.Thank you for this eye-opening thread.  

So he pulled some money out and bought 30 acres - his bet is a larger risk that the market will come down soon than there is potential benefit of more dramatic upside.  

It is in a much more upscale area so probably a safer long term investment.

You can bet if they replace the windows it's going to be the cheapest possible ones, so I would go for the credit.

I imagine that this would be a safer option because you could A) have tenants help to service your debt B) have up to a 30 year payback period C) write off interest debt D) depreciate the property E) enjoy lower interest rates.Am I missing something?

I bet the problem is the gutters are dumping water near there and it's going down and causing this..Is the house in Indy?

@Samuel Goldberg, that's all too highfalutin' for me, but my simple question is: doesn't hedging your bets (by definition) guarantee to lower your overall return?

Your best bet would be to apply and see what you can qualify for.

As others have said, I'd bet that he's referring to $1,300/month gross rents, not Cashflow.

In the short term, though, you bet I'll be swinging hammers.