Traditional bank loans typically offer the best rates and terms, however, due to all the paperwork and vetting required, they are not always the best option for investors for reasons that you express in your post.

That seems to be the misunderstanding that should have potentially had more clarity.Thanks Doug, the agreement was completely verbal and done through my realtor who I am not sure even expressed my true wishes to the buyers in the first place.

Owner won't send you a key or give access, move on he or she is not motivated. 3) Sign contract via mail, email, fax. 4) Sign closing documents via fed ex or express mail.

I'm not sure why it is expressed as a percentage.

Your response is well expressed, and right on point.

We are getting to the point where friends/family/etc are beginning to express interest in financing deals and it would be great to begin garnering the same interest via LI.

We certainly appreciate the feedback we've received, and the expressed interest from those of you that may assist us in other finance options.

Not picking on the poster but there is no real way to refute this comment without expressing how misguided the statement is.

I would also express to him that you can/will contact his recruiter to get more information as to how you might be able to pursue him after he leaves for boot camp.

All that said, I vote for 12-13% cap on a small C multi, which would incorporate the cost of professional management/leasing (whether used or not), at least $350/unit/year of capital reserves, turn maintenance expressed as a function of the vacancy rate and average tenancy (i.e. $600 per turn, which if assumed to occur every 18 mths, then turn cost averages $400/yr), and other repairs/maint at 5%/yr.