If my property was fully paid off it would be an asset full of leverage to buy additional properties via refi.

Here's what my thinking is:Combining the loans in a new 15 year gives me 850/mo increased cash-flow (because they're all at different terms/rates)  YES, it creates a new 15 year loan, but it also frees up a property (#3 above) that I wanted to establish a LOC on to buy additional properties.  

So in theory he could have additional profit of another $30-50k on top of the $80k I originally estimated. 

In addition to the podcast, attending meetups where you meet other investors is also very helpful.Good luck with your real estate investing!

I would add some additional marginal value for him selling the units furnished (which helps me with the AirBNB budget).

If you have a home business, ensure your paperwork and tax records are in order.I found previous posts by other BP members on ED that had some great advice too.

I am not saying you are wrong, I have been told $50 sqft for gut and rehab as long as your not doing anything crazy like bump out or addition. 

., but just can't bring ourselves to give the lenders all that money as the additional costs and higher rates involved in those types of loans makes the numbers seem worse, and stocks have been a better alternative for us recently than taking out expensive loans for more real estate. 

Additionally, the limit for VA loans in much of the country is less than $500k (like $437.5 or something).

I am in Harris County Texas, more specifically the city of Katy,TX where public works, school districts and such are part of the tax bill PLUS additional fraction of a percent directly to the city.The appraisal district has a particular portfolio of properties all assessed at significantly lower than what like property potentially would be valued at.