I sold it and bought at a slightly lower price and rent price.

@Amber Bennett, yes, because your payments will be lower, but only for deals where you cycle your money (fix and flip, BRRRR, etc.) not buy and hold.

By cheaper i mean that it would be easier for me to get into the investment. i am living abroad now on a lower salary, but will be making a position change soon and start saving up a fund for a return to USA and to start investing. plus, by that time, I will have a track record on the san jose property that i guess i can use to get into other properties. 

After the HELOC, the CLTV will be around 83%.Would appreciate suggestions from experience BPers to lenders who would be able to do this at low rates and possibly lower costsThanks in advance

We lowered our rent a little bit and got it rented pretty quickly.

Even Midwestern markets properties are trading at a much lower clip than 12% ROI for properties.

Cap rate is the Net Operating Income (excluding the cost of money) divided by the Purchase price.In Lower cap rate market you will pay higher price to own a property. lets say 100k income at 10% cap = 1million priceSame income 100k at 6cap market = $1.666million priceWhy THEY have?

Brokers can see who has lower fees on any given day.

Any idea of cost per sqft on construction with lower end finishes? 

If it is newly renovated, why are the rents lower than market?