No Income - 100% LTV loans - Are they a good idea?

[Garret Anthony]

Hello everyone,

My name is Garret Anthony and I have a simple question I want to ask the community.

Would using a no income zero down loan be a good idea?

Thinking about buying a $2,000,000 property with zero down that cash flows 14K a month. It is a fourplex, the IO payment would be somewhere in the neighborhood of 9K a month with taxes and insurance and a vacancy factor I'm looking at 2K a month in rent.

What should I look out for?