When the Fed stops inflating, like they did in 2005-2006, suddenly the entrepreneurs miscalculation is uncovered and they all cry boo-hoo about deflation.

Everyone was so nice.

Rents in nice areas are only slightly higher than in not-so-nice areas, but prices are much higher.

That is why attorneys are trained to ask the same question multiple ways to uncover inconsistencies in a "story".

What I'd LOVE to do, because they seem to cash flow so nicely, is come up with a way to get my downpayment back -- My closing costs are very low ($500 give or take) so I don't mind closing then doing something after the fact -- any suggestions??

Count on Steve to uncover the hidden links.

One is near downtown and was bought for $10kish in legacy dollars and is now worth $350k or so. Nice

There is no way you can tell from the information given, but a balance sheet would sure shed some light on it, even if the balance sheet was not 100% accurate.Hard to fudge on what is owed, and if the value is fudged, due diligence would uncover that.

Every one here is so nice and friendly.

I have not heard of anyone couting a loan approval as a deal, then placing a tenant in same property as a deal and so on like he stated.My recent experience with a few uncovered that they would count the purchase, then the flip as two deals.