You can also buy in cash and refinance out in a couple years when rates (in theory) go down.

Plan on 1031ing into it purchase price of 11m with about 3.5. down. 8% cap rate @ a 6% rate. 

Then you could buy now before competition becomes crazy again and refinance when rates come down.

I personally made some adjustments but overall it works well to analyze deals. - The weekly calls are consistent and offer great support to getting deals locked up.

Then you could buy now before competition becomes crazy again and refinance when rates come down.3.

I continue to pay large amounts to principal from my person funds each month and also all the rental units .. according to my calulator i used this will pay off the first mortgage very quickly, twice as fast as the Heloc because the interest rate is very low.   

Bad publicity and ratings will cost them a lot more than a plumbing repair

May plan is to pay cash and wait until interest rate improves, then refinance and pull out $150k for a down payment on a second property. 

The prime rate now is at 8 ½%.

While evaluating potential investment properties these past few weeks, I have realized that the average rent in Austin is comparatively lower and due to high interest rates and property tax, the outcome is mostly negative cash flow.