I'd think too it wouldn't be stirring the pot if both of us were not mentioned suggesting a reply, then you are the peace maker in this case....well done, If i was wrong my appolgies....my explanation still has merit as to my position here.

Then when they scrub through the sites submitted and leasing broker says it might have merit THEN they discuss it further and MIGHT put in an LOI.

It doesn't have to be an extensive review, but I'm curious about the relative merit vs the traditional "borrow from bank, put 20% down and put a renter into the property".

@Ethan Smith Just really depends on which deal has the most merit.

I'll answer some of your transactional questions as others have already provided feedback on the deal's merit, or lack thereof, as an investment.So, i know the numbers don't really make a lot of sense, it's CA... :( but I"m wondering if it's worth putting in an offer to get my feet wet.

If you spend all that effort AND 6-8K you LOST money.So no all you have said completely is random and has no merit evaluating and/or determining if a method works!

@Clifton Young, here's a few thoughts:1) They will be looking at your personal financial statement and the merits of the deal.2) My first deal was commercial (4-office building).

@Linda Thomas, as long as you do not reject based on merits of a protected class. 

@Rebecca McDonaldSome lenders have products based on the merits of the cash flow of a property as a means of paying them back.

Yet, this metric does have its merits.