@Adriel Hsu's summary of the multifamily process is bone-chillingly accurate.

To me, when you are trying to hide things from people in a transaction, it already starts to seem like it's getting into the "fraud" area.It may not be fraud - I'm not an attorney - but it doesn't give me a good feeling and in 95% of the cases the same thing can be accomplished with an assignment and all parties being on the same page at closing.In particular, I would never, ever do a double closing if the end buyer is using a bank loan to purchase the property (unless you yourself are going to fund the first transaction).Banks can and have worked with law enforcement to find cases like this and prosecute people, and people have actually gone to jail (yes, in Rhode Island, and yes that has included attorneys involved in various mortgage fraud related schemes).For some spine chilling reading, for example, see Providence lawyer, five others charged in alleged mortgage fraud scheme.

I talk to borrowers every day who express their utter despair that there's no reason to carry on because the market took it all away.

I have not responded to any of the texts.I'm utterly blown away, I simply don't understand why under the current circumstances they'd even still want to rent the apartment?

This style looks good on paper, but might be utter BS !!

Winter in Iowa is a chilling experience, no doubt, and one that needs to be strongly considered when your are an investor of mobile homes.  

This is utterly absurd.

If your retirement utterly depends on having adequate cash flow from your properties, any downturns will cripple you.

In this current market, it is difficult to find positive cashflow properties.LOL. 1% “rule” is just utter nonsense.

Also, if you can, train your tenants to communicate via text or email you will be better off.At first you won't mind talking to tenants but eventually you will get chills when you see their name on the caller ID.