Many real estate investors swear by them, other people say they should never be used.The reality is that wraps are a little complicated if you have never done one and hold some small risk of a bank calling the note but CAN be a useful tool when used correctly with two (or three) willing partiesRegarding the terms of most residential mortgage terms, specifically the "due-on-sales clause", they generally say that the lender "has the right to call the note" but not the obligation.   

That may seem very obvious and not what all that sexy, but in my experience, that is reality. 

That will not equate to reality.  

My VA-purchased 4-plex still hit all the magical rules of thumb, as well as checking out in reality upon further analysis. 

The reality is that it’s not “easy” to find deals in any market.Yes, there are still great cashflow deals in distressed markets like Memphis, Cleveland or Kansas City.

When there is a 20k difference in a seller's projected costs and actual reality - there is a problem somewhere.  

See if anyone else is doing Air BNB and what they're charging, so you are dealing with reality when making your projections.

Sorry to be so blunt but reality has a way of slapping you in the face if you go into something with your eyes closed. 

@Calus GlispieSomething you can do legally and something that happens in reality are two different things of course.View it from their perspective . $1 isn‘t skIn in the game.

It would be nice to buy a deal like this for what it was truly producing, but the reality is the rental market is just too good right now in this area of Chicago.