In your example, going from 9.6% to 12% by putting yourself into $900k in debt @ 90% LTV is not something I'd call a good risk/reward curve and any institutional money money manager would agree.Also, in your example, if you had 1 vacant house, your monthly income would be $900 minus the mortgage payment on that vacant home, which would probably be around $900, netting you around break even. 2 vacant homes, negative, 3 vacant, more negative.

If this is your first forey into this type of investment you are going to be hard pressed to get any kind of institutional money in the "low 9 figure" range.

I know of a few properties in my local area which are owned and for sale by the bank and am wondering if it would be easier to see if they will finance the property or if I will need to go to another financial institution.

I used to live in Boston and tried hunting in Massachusetts.

Were did you get this information, I think PA is 46 weeks. http://news.findlaw.com/prnewswire/20081125/25nov20081623.htmlWhen i file I usually get $536/week in PA could be $100/week more if I filed in MA but the FEDs put a stop to that :(

I have no institutional loans currently2.

Money is created from goods & the people make all the goods & provide the services to support the supply & demand of those goods & and the institutions keep all the wealth what are we left with debt debt debt and more F-ing Debt!

i have contacted several financial institutions and NONE will allow any commercial "open line of credit' They all want to know WHAT exactly your buying.

My normal example again is;100K property(or properties, depending on where you live) that I buy and finance to 90% (combo of owner finance and institutional loans) a cash neutral property.

Congress even recognized this fact and instituted changes to the US tax code that introduced what is known as "depreciation recapture."