I have 6 of those in the day.. the great thing about using banks was one the money was cheap 6% to 7% and you only paid for it when you tagged the line.. 

In the cookie cutter markets (cheap markets with active sales and decent appreciation) you can get into a fixer upper for 60k - 90k. 

Shoot for $25-50 - cheap enough that moving will be more expensive, yet less than the old rent he will be expecting.

., you're not going to find cheap housing.

You made the choice to buy a $35k property... that's incredibly cheap in today's market.

While the "price" is cheap, it does come with lots of potential headaches.  

I don't know what it costs but it can't be cheap and would likely defeat the purpose.

A like-for-like property in Mexico is much generally cheaper than in the US but properties in great locations aren't that cheap that you can pay cash for 4 properties with $400k (unless they're minuscule) but you could use financing if you have access to it.8.

Because debt was super cheap and the house prices had a massive reset, almost a fool's gold era.

Does it make sense to pay a premium for cheap interest rates with seller financing, or would it just be better to put 25% and forget about my 15% criteria and just go for distressed sellers and just get a commercial loan.