Time and time again, any real data (not a handful of properties for a few years, which can vary widely) has shown this rule of thumb applies very broadly.

I know laws vary from state to state, but I would really appreciate your insight on this.

I know BP has some risk lovers so I am curious to see what people say.My guess is that the answer will vary based on the level of confidence one has in their ability to identify great projects and "bet" on the outcome and their skill in accomplishing a desired goal.

Bigger Pockets gives you an opportunity to meet a very diverse group of investors with varying levels of experience and a broad range of experiences.

Via Nostradamus, its actually 24.875934 ...your results may vary but I am super smart & a self proclaimed guru, so you better believe I'm right.

Things will likely vary based on area.

I know it varies from state to state.

These are the options for longer terms with fixed rates: 5/5, 10/10, 15/15, 25 due in 10, and 30 due in 5, and 30 due in 3I don't have the most current rates on the longer terms, and they do vary somewhat from state to state, but the last time I had someone ask for a quote on a 15/15 the rates was around 8-9%.I should note, that the higher your credit score the lower the rate.

The definition varies by state.Aside from the breakup issues, what happens if you, the homeowner, become disabled and or incapacitated such as in a coma?

If that happens, they will keep cominjg back to you.Secondly, RE investing from one state to another varies dramatically, so to say that $5k max is the most you should normally get is not fair or correct in my opinion.