The sad truth is most in the BP community believe the horrible deal with favorable seller financing where zero out of pocket is required is a better real estate play than the great deal that requires traditional financing.

To answer a few of the questions I have read here, DSCR is horrible on the Atlanta assets and naked DSCR is abysmal.

BACKGROUNDHello! I’m pursuing my first investment property and I’m a bit unsettled after recent events with my Realtor and their team. Any feedback is welcome to try and salvage the excitement and glory of my first mu...

. ;-)  I have over 20 people in my group who have had not just bad but horrible experiences with Pace and his gators.

There were very few discounted properties to be had and the returns were horrible. 

I can't believe your second story  lol , seems like you had a deal in a war zone that is horrible lol! 

They are horribly slow and make the entire process exceedingly cumbersome for both a broker and the borrower. 

The potential issue is that he may have gotten his interest rate when rates were lower and you may get the deal at a higher interest rate which can potentially have the deal at break even or at a loss.The quality of the deal will depend on what your net income is and what you are putting into the deal.If in the above example and you have the same net income, the deal sounds amazing if you are putting in $200,000 because you have a 10%+ rate of return.But if you are putting in $2,000,000 the deal is horrible because you are making 1%

But with horrible returns and the threat of statewide anti-landlord laws even that seems bad.

Choices= bad, horrible or complete nightmare (paraphrasing).