Well the idea is to have either Properties or Investments as the core of the name.

Our core function is to help low and middle income borrowers avoid becoming victims of the predatory lending practices that eventually led to the Great Recession.As such, the NACA process is very exacting.

My core belief - make sure you have cash flow.

That means either your rent to value ratios (RV ratio) are not high enough in your specific market or you're not buying the "property right," or getting a good enough deal.As an example, in seattle core market even if you get a deal at 60-70% of ARV you will still barely cash flow and or will lose money if you try to refinance and recoop all your "costs," back because the rent to value ratio  is too low here.

Even better advice:  Do a good deal in a different state where the distance compels you to be more resourceful with your time and communication skills, and you make more friends and connections on the way. 

There would need to be some compelling tax reason to shift $500k in debt over to higher interest rate loans, I think.Other than that, there are some philosophical/cultural/preferential reasons why some people just want their primary residence paid off.

I’m no expert and I will defer to more seasoned investors, however what sticks out to me is we need more information as it pertains to the core numbers.

You might just get all the way down to the core and it's still rotten with nothing left to do but throw it in the trash.That's kind of where this deal is at.There is a reason this big investor has backed out.

Hi Nick,Welcome, I'm new to the bay (Berkeley), but been on BP just reading for a little while.I saw Account Closed 's response and felt compelled to say that he has tons to share...for proof search for this thread: SF Bay Area Economic & RE Update (Ongoing)Lots of good discussion specific to our area.

Whenever you are buying a property out of state you should do a few things to ensure it's as smooth as possible.Don't buy in the roughest neighborhood in the urban core.