I know its harsh for me to say that but than you see them starting academies and coaching and this and that.

Originally posted by @Joe Villeneuve:If I ever buy a house to hold with negative cash flow...please shoot me.While Joe's answer is a little bit harsh, he has a great point, don't do it, keep looking and find a better deal.

And, just to show further ignorance what does "bon homme sept heures" mean Barbara,Wow, that response was bit harsh!  

These are look and feel sketches not yet held to account of harsh financial reality.  

That's harsh.

As a result the loan constant may be lower for interest-only but may still produce a lower yield when compared to an amortizing loan.Suppose we modify the example with options for a 3% rate over 10yrs vs. a 4% over 20yrs or a 6% IO (maybe a bit harsh on the IO rate increase vs. 20 yr rate, but for the sake of this example bear with me).

I've been told Norristown is harsh on landlords compared to surrounding boroughs/townships. 

This may sound harsh but: You should have taken this into account when you purchased the property.  

To make a long story short, there were many calls and letters and e-mails back and forth for several months about how to make the yard “compliant.”We were told any changes to the yard had to be approved, and that the landscaping did not appear as “robust” as it once had (we had a very harsh winter here last year, and many of the bushes/plants died back—they aren’t dead though, just had to be trimmed down to the ground.

He is correct in the big, broad statement that managing 20 units for $75 each with no placement fee is a losing proposition for most people who try to go that route.It may have come across a bit harsh, but after 12 years I agree with him and would caution you against trying to implement your plan.