In other words, the BRRRR strategy.Obviously appreciation plays a part and if you're getting the property at a great price.

They do 1031 exchanges and they must have thousands of landlords just like me, so they know how to play this.They're requesting a rent reduction that is substantial, but not so much that I'm eager to hire a local broker and pay a large commission for their involvement.

(Credit, Income, Assets) plays a large roll in this.

Never had a team, own personal homes in 3 states and play golf or ski and vacation when I want to. 

Lender regulations certainly come into play, but even for non-levered syndicates it is desirable to have a max in your mini-max to reduce concentration risk. 

Now, this does bring PMI (MIP for FHA) into play.

That’s a good tip about playing with the filters like that.

Some of gap lenders are usually willing to play ball if your numbers are right.

My going in strategy was to BRRRR the property for the equity play and subsequent cash flow.

All costs for each unit are identical as well (taxes/Hoa/insurance) so the playing field is very even minus a few factors