So that means you will need to have a loan of at least $416,666.67 to get the entire credit, otherwise you have negotiated an impossibility.

Not impossible, but harder.  

I would submit that finding a property that would pass that test is nearly impossible in the current environment, still I beat my head against the wall daily in attempt!

So for about a year now I’ve lived the illusion that getting into real estate investing is impossible for me in my situation.I’m a licensed contractor located in the Southeast Michigan (Canton, Livonia, Westland area).

Finding money is nearly impossible for a small business when you write everything off and wondered about trying to raise money through crowd funding?  

Finding 1% rule-like properties is not that impossible as I thought, at least in my niche.And the fact that here rent is paid a year upfront makes it appealing, as well as no capital gain tax.Prices though are still forecasted to drop until end of 2019.What’s your take on Dubai this year? 

Once you have tenants, it becomes difficult (but not impossible) to call that investment passive.

@Bryan DorseyI would agree that 2% is difficult outside of a city area, but it is not impossible.

Not impossible, just not likely.Once you reach 20% in equity the PMI go’s away.As you stated your hope is that most of your expenses will be covered.  

It is not impossible.