This guy appears clueless.We’ve had innocuous title issues that just held up closing as well as a monster $600k fraud issue as lenders on a stolen house.

Sounds like a lot of needed repairs, a maintenance monster or a combination of both!!

Account Closed  agreed I would have to pull the Missouri card on 90% full and paying in inner city Detroit.I lent there in my HML days 2002 to 2005 before things really got bad.. and it was tough then.on top of the standard theft and tenants that don't pay.they also don't pay their utl bills and you end up with monster water bills attached to your property.I rehabbed the only 2 OREO's I had there ( and thank god it was only two)  put 20k into each made them nice as I could put tenants in both were destroyed in less than 6 months.. never met nastier tenants in my life..

My condo in Vegas on record for monster year.   

Thanks for all your input, I think half of it is getting over the intimidation of calling up a hard money lender, it's not like they're monsters right!

An 8 Cap is a mythical creature akin to the loch ness monster or a unicorn.

Cash flow monsters when the rest of the nation seems to be struggling to find cash flow.

The shortage of land combined with the increasing population almost guarantees property prices and rents will continue to increase.Pro-business government - With a low-regulation environment, streamlined licensing and approval processes, and favorable tax policies, Nevada is a very business-friendly state.Jobs - According to Glass Door and Monster, today, Las Vegas has between 26,000 and 31,000 open jobs.

IMO, we have to have cash flow monsters or properties that appreciate well to make a decent return in real estate (and/or force appreciation).  1%'ers with lean cash flow and limited market or forced appreciation require precise execution and, even then, it may not make money. 

But it will tie up some of my capital, which would otherwise go towards that monster downpayment of yet-to-be-materialized primary residence deal in the Bay Area, CA (where speculatively rewards gained in appreciation not cash flow).Additional thoughts?