The only price that matters is the price that makes sense for you to make a profit that works for your numbers.

As for the 50% rule, the BP Calculator also lists the 50% rule as part of the final list of info and I've been taking a look each time at what appears there compared to what I get when I break out the components individually... to get a better sense of both approaches.

@Joe Platyan I think it is hard to make sense of something that is much below a 6 cap at initial purchase.

Sometimes, getting nothing is better in the sense that if they get wiped out in a senior lien foreclosure, their deficiency rights are preserved and they get to take the borrower to court and sue them for the full balance.

Maybe you all can talk some sense into me.Perhaps there are better deals out there and I should be out looking for them, but we're slightly in between financing and I just think it's super wasteful to not get these window ACs back to good working order.Sounds like only the bigger 10000 btu/hr unit is really even worth the time to investigate further at this point...Does anyone else's day to day look like this at all?

Yet we do, and the OTAs encourage this.I think the whole system needs to be revamped to something that makes more sense.

Does it make sense to get a home equity loan on my first rental house to buy a second rental property?

Have you looked at deals in those areas that make sense to you and how funding (have you talked to lenders), repair, (do you have contractors you have talked to within those areas) manage the properties (self-manage/ hiring management) ?

When you reflect on this issue, investors can invest with a large number of Real Estate Investment Firms that set up “shell company” Special Purpose Entity [SPE] LLCs, that tell the investor their money is at full risk and they can lose all, and if they invest in that set up and the project fails the investor has absolutely no recourse, no coverage from any other company of the sponsor and has lost all.Doesn’t it make a lot more sense to go with a Realty Sponsor who puts the full faith and credit of their firm and its 13 year history behind the separate project with a corporate guarantee showing they believe in the project, showing that they back the project, and stand ready to guarantee the project with their monies in the event of a bad result?

It may not make sense to use on a house that is less than $200k.Anyhow, let me know if you have any more insights.