That being said ... it needs to be understood that not everyone can be an investor or run a business as the book illustrates ,not everyone can have the mental ability and  skill set to achieve what Robert pushes .

@Andrey Y.For more full context, the example was from Crushing It in Apartments and Commercial Real Estate by Brian Murray and was used as an illustrative example in the Cash-On-Cash Returns section.

The following examples illustrate the provisions of this section: ...Example 3.

(crazy scenario and not likely to happen but illustrate the point of leverage) Then there is OPM tax benifits, putting 3-5% down instead of 20% and a whole slew of other things I wont touch on for a thought experiment.Other hand, you buy one duplex, 20% down $100k purchase 750-ish mortgage.

(it is pretty safe to assume it's not free money) For illustration, if we assume 30 years at your line of credit interest, the annual debt service is $29,119.

I'd go so far as to say that having all these illegitimate children are a huge part of the problem and very illustrative of the reason that the poor are poor.The bottom line is that poverty is largely a character issue (or more accurately a lack of character).Mike

It is an illustration that turnover and vacancy can work in your favor. 

What ever he is comfortable with but illustrates that the money is pledged to the transaction with no further underwriting.Additionally, do not sign the note in advance...you don't have the money yet silly.Then manner in which you approached the paperwork is a little out of the ordinary and that might just have the agents and bank scratching their heads.

Those are the pledge of property to illustrate to the public that an interest in the real property has been given.  

These numbers are for illustration purposes only.