Also, it seems odd because if that is the case, a large part of my expenses go into something that doesn't necessarily pay back any interest at all.I know this is basic, but I'd really appreciate any insight on this.Thanks.

The cost to build is higher than the median price in most areas these days, so your list would be very large.

By and large, no two people have the exact same views about debt and leverage.I'm in the same camp as the original poster and really dislike debt.

All in all, unless large changes occur, I will stick to what I am doing and adjust accordingly with the market changes as they occur.

I'm trying to stick to what I'm good at and what I have a track record in, which is renting out rooms in large properties.

For such instances, I would take the normal ARV of this home and reduce by a bare minimum of 15% and likely 20% just to keep me safe. base your offer price on the lower adjusted value knowing you have to disclose which will chase away a large % of your buyer's pool, regardless of how nice the area/neighborhood is.

I was trying to think of a way to scale my AC issues.

My scale could be totally inappropriate for your area.)

I would rather have that type of loan on a case by case bases just because my goal is 10 free and clear SFH before I move to larger multi units or large NNN commercial.

So I'm really hands off, by and large - and it really shows the extent to which it's all his work on site.