I also have a client in Turlock who could rec a good CPA up there as well.  

I would recommend that they invest in an inexpensive 'white noise' machine to help muffle the sound but that no property is completely sound proof and the upstairs tenants are well-aware of their concerns and are respectful.Always 'entertaining,' huh?

My experience with PPR has been consistent with yours, as well as the search to find them.  

Yea they would keep that in place and you'd get a second position mortgage for the rest at, well, higher than todays rates.

The migrant farm worker program works fairly well.

And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.

I'd recommend staying within 10-15% of the median priced home because that's where the most demand will be not only for renters but owner occupants as well. 

I second this - Beth is great and has a group as well where you can learn a ton on private lending.To the poster who mentioned giving them 100% financing - as a private lender NEVER give someone 100% financing.

I am a veteran as well.

After a Valentines purchase as well as a couple others, I was able to convince him this was a good move.