Also, I love the house hacking strategy, but don't forget to factor in how much principle you will be paying down on these loans while you're living in them. that can be quite powerful too!

Does the seller have the responsibility to give you a tax document showing how much money went to interest, as compared to principle, for tax deductions?

This would entail a 30yr loan allocating all property CF (except for money going towards contingency fund) and $1k/mo to savings 2) Lower property CF and put all saved money into reducing remaining principle.

Their main objective is to reduce tax liability and reinvest in something high growth, preferably not tenant occupied (but I think they could be persuaded).We’re in California, so a 1031 means more paperwork.

For him the hard drives were the scariest object.

Note, we typically are unable to extract all of our investment on our initial refi, but the appreciation has resulted in continued equity build up in excess of the principle paydown. 

I find that they are much more objective.

But with lots of reading, research, the calculators here and using my go to financial principle “something is only worth what someone is willing I to pay” I actually see that things are prices too high.

I say this from the perspective of an investor from the UK, but I think the principle is the same.I would think of this in terms of how to spend £100k / $100k - the actual amount is less important than the idea here.As a very simple example of my thoughts:I could buy a 100k property in cash, which would return 8%pa (net rental income) so $8000pa and grow at a rate of 5%pa so $5000pa (ie appreciate in value).

Until you establish that on-time payment history, objectively speaking, it should be low.