@Nick Belsky Thanks for the reply Nick.

Thanks everyone for the replies!

@Shaun Weekes@David KellyThank you guys so much for the quick reply.

(Willy Wonka voice)

Thanks for the reply @Joe Splitrock. 

Thanks for all the replies!

Thanks @Patrick Prunty for the detailed and thoughtful reply. 

@Ashish Acharya, thank you for the reply.

Based on the other replies the math probably won't work for a small investor, so I'll probably wait for the next downturn to get some cheap 2nds when there's too much debt for the bigger players to gobble up themselves.

I guess if I have to walk away from it then I will. I