The type of property you get, the neighborhood will  play a part of an appraisal know matter what kind of product you provide. 

We started out playing Robert Kiyosaki's Cash Flow game with a group of like-minded wannabe investors.  

He's literally playing games, watching movies, and complaining about boredom.

If so (and that's a gamble, of course), how many years would it take for you to recover the lost equity and additional expenditure? 

There are usually a number of factors that can play into when you should list your property; ie. location matters, as some states or cities have in recent years put in place laws which dictate that you must accept the first qualified tenant that you find, whereas in other states/cities you might have more flexibility.

Look forward to seeing yours play out.

While supply plays a part in this dynamic, in my opinion the increased exposure to vacancy will be at Class A properties in tertiary markets, not Class B/C assets.

Does cash out refinancing 70-75% play into the 1% rule?

I want to play this game for the long-term and not looking for short-term returns.My portfolio should benefit from appreciation, depreciation, tax-free cashing-out, leverage using low interest rates (from #1), cashflow to cover the expenses.Syndicate & CF seem to be ruled out since I can't control the asset, cannot leverage it when I want to and there's no collateral on my investment.What is a good way to start?

I played Division 1 Baseball at Ohio University - those were great times that taught me a lot, made me a bunch of connections, friendships... and even ended up with a degree in Geology.