The Leverage Letter · Archive

One thing worth knowing each week. Not a market recap.

A weekly email for rental investors from Wyatt Wolff: one deal, one market move, or one guideline change that affects your next decision. Selected issues are published here; the rest stay email-only.

ISSUE 008 · SEPTEMBER 20, 2026

A 2.1 DSCR on a long-term rental Email only

Local and county rental assistance programs behind a 2.1 DSCR long-term rental. Not Section 8. Better.

ISSUE 007 · SEPTEMBER 10, 2026

Airbnb's hangover is your buying window Email only

The STR squeeze, depreciation recapture, and why short-term rental owners can't just sell — the short sale as the investor's buying window.

ISSUE 006 · SEPTEMBER 2, 2026

Your first sixplex: a live Charlotte DSCR underwrite Read it

Five to nine units works on the DSCR loan you already use. A live $1M Charlotte sixplex: 1.29 on paper, $451/mo in real life, and the tax record the listing didn't mention.

ISSUE 005 · AUGUST 25, 2026

Why I'd break up your portfolio loan Email only

Portfolio note vs. individual notes: fancy debt is expensive debt. Plus how I run this operation with AI doing the robot work.

ISSUE 004 · AUGUST 14, 2026

The 2026 BRRRR math nobody runs Read it

BRRRR didn't die — the 2021 version did. A real closed deal: $1,450 cash to close, a $315K rental at the end. The strategy is recycling capital, not the cash-out check.

ISSUE 003 · AUGUST 4, 2026

Stop paying principal Email only

Interest-only as a portfolio cashflow tool. The loan payment that's optional.

ISSUE 002 · JULY 28, 2026

The best debt on planet Earth Email only

Single family as the foundation of the capital stack.

ISSUE 001 · JULY 21, 2026

Structure beats rate every time Email only

Everyone sells the same money. Rate shopping vs. lender selection.

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