The interest being deductible is based on the use.

In the meantime I would touch base with lenders and get the financing squared away.

Lots of folks are pulling out cash based on the appraised value for their next projects and holding for a few years to benefit from appreciation. 

The buyers did a long inspection, multiple days... made a huge request for concessions based on what we knew to be purely made-up issues.

MarttiHi Martti, I’ve done BRRRRs in both Columbus and Cleveland, but I’m based in Columbus.

This is a post based off of curiosity.

On a commercial asset the value is directly based on the NOI (net operating income).

They are all disparaging the course based on superficial knowledge and assumptions. 

My endgame is to end up with $300k/yr in post-mortgage income in 20 years based on investments I make now followed by continued investments over the next 10-15 years own.

I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.