@Julio CorderoYou need to get with a CPA and cross border tax consultant as part of your team of advisors.

If I understand you correctly, you are advising a sort of modified brrrr strategy - modified since these houses are owned already but strategically pulling out a conservative amount of debt.The houses are mostly C class but some border on B-.

I see it as more of a gamble than an investment.  

Should you decide to gamble on your crystal ball and you manage to achieve 100% occupancy with an average rent of $735 a unit, that puts your GRI @ $52,920.

It's a border line scam IMO, but I as relatively new so it would be good to hear the other side of the argument. 

Market AnalysisZip code:Crime data (www.crimereports.com/) Gross assessment:Invisible borders?

The best example in my family is my dad offered to guaranty some of his brothers gambling debts to some loan sharks.

ya not comparable.. central valley and Sac are 60 miles from SF bay area.. this is more like Walnut creek Moraga concord Orinda.. these cities all BORDER Portland..

@Jacob Gamble The initial payment for the course and the exam

If you have truly good deals, they shouldn't bee too hard to sell in this market.My friends and I have been buying near the western border of Euclid and are open to deals in the Euclid.