But it's not a good caparison for other types of investments because it doesn't take into account appreciation, forced equity and principal pay down.

The only catch: it hadn't been built yet.From Value-Add to Ground-Up DevelopmentWe were now entering the world of ground-up multi-family development, which is like a second cousin of the value-add strategy - loosely related, but disparate in a number of ways.This forced us to consider a multitude of details that don't really come into play in the value-add world: PUD agreements, zoning ordinances, land conditions, short-term cash flow short falls, construction timelines, a full-scale lease up process; and so on.

The property is the collateral, especially with commercial properties so your personal finances shouldn't be the driving force behind the loan. 

Greet all potential applicants with a show of force.

We have the privilege of doing things we love like real estate investing because of the men and women of our armed forces.

Sales Force.

So Fannie Mae is basically going to force you to diversify anyways.

Lease like this but if I was forced to do the math I’d want at least $75/mo off for no appliance repair.

because I love freedomand don't want to go back to the work force but work on my own.life is good when you not force to work but work because you want to!

Market forces are driving a lot of the high operating expense.