You offload all the maintenance on your tenant/buyer and basically just keep the spread acting as a middle man between two groups of people who have money trouble.The rock star version of this is you do it with nice $300,000+ single family houses and sell them for 20% above fair market value (sale for $365,000 or more) to people who have excellent income but crappy credit, so they're willing to overpay and bet on an appreciating market so they don't mind as much being skinned alive on both the above market rent and above market sale price.Like I said....somewhat dubious morality here, but legal in many states. 

FB with their years and years and years of data at their disposal could program a digital version of you that would be more accurately you, then you yourself!

It's basically a bigger version of our home that would allow us to keep the same lifestyle (excercise, rec room, guest room, wife's work room) + finish an ~1100 sq ft 2 BR, 1 bath full apartment in the basement that would likely rent for ~$1300, based on market. 

There are often several versions, so ask experienced agents in your brokerage which are the 'bread and butter' docs used on most transactions.  

They would have to give the tenants the opportunity to fix the issue, via a 5 day notice to cure or quit (or your local version).

Here is the link Real Estate Tools I use the iPad version of the property evaluator App to model all my new and existing properties.

I don't disagree totally with your logic based on the short story version of where we are...

Hard Money for example, which is a version of private money, is good for 6 months.  

So far, each tenant as appreciated the digital versions.

It's called Bigger Pockets : )If you are a beginner, I would suggest you start here to obtain your footing:http://www.biggerpockets.com/real-estate-investingAlso, believe it or not, the Real Estate Investing for Dummies Second Version book is helpful, pretty straight forward, and entertaining to read.