Personally, I am willing to take on a lot more debt, as long as it is properly leveraged and I am still making money.

@Roy Gottesdiener - Speaking from a residential loan perspective, it can be a little sketchy to leverage both your properties to take on even more debt.

But on the other hand, if all your other costs stay the same, a 5% reduction in expected rent is gonna hit the bottom line hard.My properties are low leverage and have plenty of buffer so a 5% reduction doesn't factor in, especially in the short term, but wondering how you all interpret a 95% collection rate from pre-COVID levels.

There are a handful of lenders that serve this niche.When the IRA uses leverage, there is a small tax on the Unrelated Debt-Financed Income (UDFI) that is produced. 

That's why fix and flippers usually get bridge loans, they provide higher leverage with more flexible exits 

If you are going with a commercial lender (maybe because property is in LLC), expect very conservative leverage too. 

I'd love to be able to offer every single bit of technology to our customers, but 99% of our clients have us managing buildings that are 4 units and under, so there is really a limited amount of information that could be viewed anyway. 

If you purchase that same property with a 25% down payment and a 4% interest 30 year mortgage, your ROI will increase to 17% because by leveraging your money, you're able to spend a significantly lower amount of money to acquire the property, but that $25,000 investment performs better than your $100,000 investment.With this information, if you were to purchase four $100,000 properties, each with the same criteria as the previous example 25% down payment example, your total average ROI is still 17%, but your monthly cash flow has now increased from $833 with a 10% ROI from a single property, to $1432 from four properties with the 17% ROI.When I say you're going to pay to get that, what I mean is that you're going to pay a premium to reach those cash flow targets.

Originally posted by @Angel Baez:I’ve been completely out of debt, and I’m not sure if cash or mortgage is the right call,  When it comes to personal life, stay out of debt, when it comes to investments, use leverage.

Combined with other factors this can lead to business lines of credit and business loans so you don't have to leverage your personal credit (I should note that banks don't like lending to real estate based entities due to their high risk nature).Not sure what state you're located in but the costs with forming and keeping an LLC can be costly.