I think, as Dan said, there would have to be sufficient equity and lower payments to justify doing it.

That's more than enough time to work 2 full time jobs (or school and a full time job) and still have time left over for sleep.

It's been a PITA sleeping on an air mattress and working instead of playing golf every day, but maybe this time it stays sold.Yay me!

I have about $100,000 in cash that I can use to begin investing into real estate with and I was wondering if this is a sufficient amount to get started with?

So, I do sleep at night when I have to evict them.

There are many reasons to why they would.I would be careful buying with 100% leverage, and only do so with a sufficient reservae account.Jon wrote:"If the property doesn't work with 100% financing (even if you can't really do that), its not a good deal."

Henrik,If there really is sufficient equity in the unit, it can be a deal.

The United States started out as a country of hard working, self-sufficient individuals with a can-do attitude.

The acquisition price should be well under 85% if you're going to risk it, closer to 70-75% and your reserves should be sufficient enough to handle at least 6 months.

- I'm 8 months pregnant and don't want keep losing sleep at night - not sure how much I should be worried