Agree with @Joe Villeneuve#2 is a total loser.

@Ivan Barratt @Joe Villeneuve @Frankie Woods  I thank you for your input! 

Originally posted by @Joe Villeneuve:No Why

@Joe Engelhardt Would be best to call your local credit unions and ask about their loan programs for investment properties. 

@Joe Villeneuve - There are "Hard Money Lenders" who have loan products in the 5.5-8.5 range for buy and hold. 

Originally posted by @Joe Splitrock:Originally posted by @Andreas Mirza:@Mike Dymski I respect your experience and opinion.

An average Joe's "why" he/she goes to work is going to be nearly the same as most of us.

What do you think @Joe Stretch? 

@Joe Splitrock the items your talking about we will catch when they move out and charge them from the deposit but the stuff you really want to catch is the stupid stuff that is preventable with regular maintenance they do and will never report like not changing the filters for the ac I have the same language in my lease but I also if they cause the roof, ac or any other capex damage they are paying

@Joe Platyan, also, check to see if this property's "1.6% Rule" is (only) standard for the area, or whether $100k would be a bargain purchase price for $1600/m actual market rent (vs sold comps).