Horrible idea for many reasons...1) Without a decent down payment ~20%, it's very unlikely you'll cashflow after all expenses 2) Sounds like this would be a highly leveraged property - high leverage when rates are high is a dangerous game to play.

The majority have had substantial recent price decreases, which seems concerning for long-term property value appreciation.

Crime is a concern, but I'm thinking with the appropriate limited liability and insurance structure this could provide a reasonable shield.

Midtown and Corktown are also seeing growth, though prices are creeping higher.As for the 1% rule, I completely understand your concerns.

As a result I’m much more concerned with a borrower showing funds for at least a reasonable down payment.A problem with a screen shot of say a buyer’s Vanguard account is that it’s so easy to use PDF tools which can alter the numbers and be virtually undetectable.  

My apologies for causing concern around this.

Since you’re concerned about the electric bill, it’s wise to avoid any appearance of a “self-help” eviction.

I realize this is a complex concern so just looking for general advice here based on the experiences of others.I would manage bookings and client communications aside from maybe an on call service for at night.

My only real fear is the proverbial house of cards -- I don't recall the name but I believe a different syndication guru recently and losing an investment entirely is what concerns me.

. -- Not sure what this means Sam, I'm too much of a newb.My concern is that just because there are heavy fees, doesn't mean its not a great investment.