Thanks @Wayne Brooks, @Jim Viens, and @Karl Smith.

I'm curious as well @Jim Huber.

@Jim Kellerso the lenders I've been talking to will allow 10 total fannie freddy loans. but will not allow cash out on investments if you have 4 or more loans.

Daniel,I am not sure why anyone would want to buy something that will not appraise nor put up that much down payment, but if you really want to move forward with this have the seller hold a 2nd mortgage for the difference.I don't know all your numbers regarding positive cash flow, but its not a deal I would be excited about.Best of luck to you,Jim

@Jim Viens I'd definitely be up for coffee sometime.

Thanks Jim.

I have rentals in Chicago, Denver, soon to be DFW and have always thought about the big easy.Let me know,Thanks,Jim

I appreciate all the feedback and support already from the BP forums.I'm currently reading HOLD: How to Find, Buy, and Rent Houses for Wealth by: Jim McKissack, Linda McKissack, Jennice Doty, Steve Chader, Gary Keller.

@Jim MeansSomeone can technically be FSBO and have a realtor friend help them sell the property..

Jim G