A financial mathematical fantasy in an idea situation in a typical town.  

http://www.zillow.com/homedetails/5-N-9th-St-Del-Haven-NJ-08251/67881870_zpid/I've been looking at this property and trying to review the comps with my limited capability mostly zillow and trulia. It looks like a two ...

this is not directed at Memphis at all but your statement buy 10 X 50 and make 4k a month is fantasy.. your acting like the income is a guarantee which it is in no way when your buying C and D class which is what you would get in Memphis or indy or many other cities.. you may get 4k one but your not going to get it month in and month out that I can promise you !!! 

LOL More likely the buyer will sue you, don't spend that down payment disguised as the sale of an empty Trust, it's refundable since the buyer has no obligation.Your fantasy is going to get you and others in a mess.

Just be realistic enough to know the difference between goals and fantasies.

Personally, I hate the idea of a balloon payment at the end of the 5 years and subject to the whims and fantasies of the economy and banking industry.

in fantasy land you can make up your own caps and your own purchase prices.

What's really weird is that I just started thinking today about flipping in Dracut, and I was just analyzing a (fantasy) deal in Dracut when I saw your message.

@Michael C Gregory  that is not a lender that is a theif... pure and simple.one thing I think folks really need to understand.. there is 1 point and 5 % money  but this is ONLY going to happen with a federally or state chartered bank that gets to borrow their money from their depositers or govmit.. so their cost of funds is 2 to 3% its how banks make money loaning money. there is no fantasy land of lenders out there that are going to give investor loans at those rates..

I am a fan of Joe Asamoah's concepts about government-assisted housing (which basically state low-income tenants are great if you treat them right), but I wonder if it's a bit of a fantasy (or the playground of real black-belt investors and PMs only).Has anyone had an experience (positive or negative) with low-income rentals, tenants, PMs, or the like?