The catch is the PMI which sucks but it still results in higher cash on cash return generally.

Real Estate is changing and I wanted to really catch the wave and not be stuck "cold calling" all day and waiting for an opportunity instead of creating a few along the way.

I have an investor partner who will catch up and take over payments until we can get some minor work done and get it rented out.

I would at least do that... see what you can see.Most lenders hire 3rd parties to verify work done then draw gets released.. at least I know Realty shares does this.And you have to when your lending to the general public like this.... these deals can go upside down easier than you think and 25 to 30% equity can get eaten up very quickly.. all those prime SF is a good place to be compared to other markets that are not as robust.. but I would certainly take a drive up.. maybe you will catch someone working on it and can walk in.

You have to catch them at the right time.

How much money do you need to come in with to catch up the mortgage? 

Too funny, I didn't catch the difference until you said it.

We stopped because the majority of our networth was in property and we wanted to let our stock and bond portfolio catch up a bit.

The catch 22 is if you pull money out, the payment goes up which makes the rental numbers tougher to swallow.

Anything else that catches my eye on MLS is already under contract by the time I ask my agent to see it.