As a former property manager of several apartment buildings in NYC, In my opinion & please correct me if I'm wrong guys, you just can't eliminate a variable of the equation & think you're making a well informed decision.  

There are too many variables that could turn a good thing into burden pretty quick.

A mortgage on the property also can screw it up too.He could transfer the property to a CRT (Charitable Remainder Trust) that would give him a partial deduction immediately, give him a fixed or variable income from the CRT, and spread the capital gains out over a period of up to 20 years.There's lots of options but it really depends on his situation and what goal he's trying to accomplish.

great market It really is, my hope with this article is to encourage investors to see past population increase - yes, its a valid variable but I feel it often has to much importance placed on it.

They determined it by looking at the metrics of median selling price and average remodeling costs, which is a little wonky to only look at those two variables.

Does the MGR  bill  cc transaction  fees to the owner or the guest.I would expect some variability , but what is typical, thank you

The market is not in a "normal" cycle and there are too many variables.

Most people just pay it off with a cash-out refi because it's a variable rate, and it's less hassle. 

Each of these variables will dramatically change the advice for the individual asking this question.

Hi @Justin Young the 1% rule is a screening rule of thumb, whereas a full BRRRR calculation involves many more variables and is a lot more comprehensive.