But all the high leverage antics, do yourself a favor and forget that BS, it's a fast track to NEVER getting into REI, just getting in to rapidly loose it all and then some.

Currently 16 SFH in Cedar Rapids. 

Hello @Eddy Tijerina,My recommendation is If the property is situated in a market that has experienced long-term rapid appreciation and rent growth, it is advisable to hold onto it.

Hell, I'm sure Zell himself puts little weight on quant analysis.

In 15+ years self-leasing proprieties I’ve always found strong demand through end of September here in the northeast USA, with a rapid drop-off in October/November and a black hole from December - March.

In my area (Dallas TX and suburbs) we, too, are experiencing rapid growth (before and during COVID) and will continue as a prime destination location for people and businesses.

Add steel to main beam in basement to help carry new weight, frame new interior and exterior walls, new roof trusses, new roof, siding, windows, all the finishes.Other things to consider: where are stairs going in first floor, if none are already present, are there any zoning issues with additional height, can sewer system support any additional beds/baths, etc.

So maybe all the debt free arguments are gaining some weight haha. 

Also you should prefer that the seller write the receipt in their hand as this will have more weight in an audit than you writing yourself, so just tell the seller you would like them to write you a receipt.

In a partitioned note, a certain sum can be due at a certain time as a balloon payment providing more flexibility in your financing arrangements or requirements.While you can have different rates of interest, that is not for the average lender/borrower because then you'll have weighted interest rate computations, so really, everyone should agree to the same rate.