You've created a monster.

He is bidding on junk he clearly hasn't looked at - a monster risk in Baltimore.

Purchase price: $17,000 Cash invested: $2,000 First buy and hold with a monster cap rate.

Should I get a job to continue to finance these monsters?

This thing is a monster and full of god knows what.

@Chris Martin  I hear ya.. most of those loan products though have call provisions.. were the lender can unilaterally call the loan... one must be careful to read the fine print.and I see all these newer investor running out getting helocs on their resi's and I know most of those have call provisions in them.I bailed out a lot of smaller investors from 08 to 2010 when the banks called their helocs and they where mid stream in a project counting on that money to finish only to not have it avalaible.We of course had these monster LOCs for our lending business. but we negotiated 24 to 36 month wind downs... and that was one thing that kept us from going under in 08 when 5 of my 6 banks called our loans due and would not extend..

I lucked into it, most duplexes in that neighborhood have been bulldozed to build 5000 square foot monsters, but somehow this one survived the bull-doze-pacalypse (for now...muhaha).  

intent to sell does sound a bit robotic. i only meant that i wanted to evolve from a home owner to investor. i would like to flip a few properties, first, in an attempt to raise capitol. then move into a buy&hold/flip pattern. obviously i don't really know a lot about the business but i do think it could be a nice career

Becoming a loan servicer is, in and of itself, is a monster of a task.

That is a monster tree!