I felt the LMO didnt' do anything in what I would have guesses was his job description, like ask for doc and do DTI.

As long as it will rent like a $90k property, the initial description sounds great.20% down isn't a lot of money so it's low risk no matter how you look at it.

@Trevor Thompson you can post a description of the deal in the Real Estate Analysis and Advice forum.

This is the death throws of a geographic market (low end rental areas) when you see 1st month free.

You just said the *MAGIC WORDS* @Justin Silverio     LOLWe are very close geographically.  

I love how the episode descriptions are so specific.

Being remote - I just have to go by pictures and others' description!

ugh. headache.If I'm being kinda cloudy on my description here, sorry, its hard to describe I guess but if anyone has worked with any sort of mail merge software that imports from a spreadsheet, you'll probably get what I mean.

@Abdenour ,I would consider a geographic change in your investing strategy.

My biggest lessons learned here were:1) Have more than enough reserves than you think you might need (or quick, reliable access to other cash)2) Know your standards, and stick to them3) Don’t give up long-term goals for short-term gains4) Have an exit strategy/mitigant in place for weak(er) tenants if you do accept them or are in your tenant pool due to geographical location.