Originally posted by Joffrey Long:Section 32 and 35 do impact owner-occupied loans and as you know, cause additional requirements and liabilities to kick in when you exceed certain interest rate limits, all FAR below the usury limitations.Joffery: Good explanation.

There may be an explanation - vacation (why wouldn't he change his voicemail?)

I have a PDF of the document that gives an explanation about not being able to use rental income of a second home purchase.

When I elect to exit the investment, the economic appraisal (the value based upon the GSI it produces) will be the bate which ensures a quick sale, comps and past appraisals will not even be considered by a real investor.My $0.02I don't see the comparison with *never pay more than appraisal* to your explanation of appraisal going into a buy verses an appraisal coming out of a sell?

You would be able to search the local GIS )Geographic information Service and see if each property has a separate address. 

(However, as noted above, there is definitely a distinction between the Capitalization Rate of a property and the prevailing Capitalization Rate for a geographical region.)Correct me if I'm wrong, but I feel like that may be what @Bob Bowling was trying to express?

Other areas like California and New York or Seattle you will be looking at 6-8% as good cap rates A simple explanation of a cap rate A cap rate is what you profit per year (after all expenses) divided by how much the all in cost of the Property is...

Ideally would love to be able to do a geographical + historical search on craigslist + postlets - but haven't found something like that yet..

I don't really understand the mechanics of this and am still awaiting further explanations from my agent.

@Curt Davis I looked up the second address on the county Geographic system and no such address.