These are secured by real assets (recorded lien on real property, secured by market stocks, etc.

Then people wonder why investors don't want to invest in these places and the housing stock turns to garbage... 

Imagine you are one sexy lil broad, stockes high heels skimpy outfit walking back from the club at night.

@Al Seward There's no perfect plan because you can't predict the future.Here's an idea though:1) Buy with FHA, but look for a fixer-upper that you can buy well below ARV.

If you live in a city with a good stock of multifamily properties then you would be better off house-hacking a multifamily versus a single family.   

Once this falls of the cliff, you are better of with buying a REIT at the stock exchange and have real passive income.

There's no predictable pattern to the increases, unlike CA with 2% max property tax increase.

Assuming you have $1.2M cash, which can be invested in the stock market and reasonably get a 7% return.

Although you can't predict this, it is certainly worth considering.

I'm guessing that would be something like 14% if anyone would touch it.Probably needs to look at other options like hard money on the new project, borrow from 401k or stock account or life insurance.