A better comparison is to compare your potential real estate investment to whatever else you might do with the money.

It’s more just for comparison to me.

And the housing stock in Miami is older and so much more expensive for what you get in comparison to new construction in Cape Coral.

Create the payment that’s very low in comparison to what your keeper would bring in rent.  

I would generally put a 4-unit property in the same side as a single family house when making such comparisons. 

This is a very rough comparison, for Maui island only, but in 2012 median condo price was $356,158.

I like the comparisons Oren.  

The "first" deal leveraged helps fund the rest in sequence as you access the CF and equity from it and move forward. 

Thus a DIL executed prior to default creates title insurance issues as you can't satisfy the underwriters' checklist -- prior default, comparison of value vs. amount owed, a negotiated DIL agreement, etc. 

I wouldn’t call myself “wealthy” by comparison standards, but I’ve made a lot of progress on net worth over the last 5 years.