RTO/LTO/Lease Option and similar schemes are still being used by those willing to scoff at the laws despite the actual clarity of the laws.It isn't uncommon for gurus to proclaim that certain of these schemes are legal, if you just listen to them because whatever else they are selling only makes sense if their version of a disguised credit transaction escapes the notice of state and federal regulators.Others have learned there are real issues, and have stopped selling homes and reverted to renting them instead out of desperation, which of course lowers the value of the community and the profit margins.

You get the chance to talk with other investors doing interesting stuff and no ones trying to sell you on some get rich quick scheme or their latest seminar.It’s a bit smaller group than some of the other meet ups but it makes it easy to chat with people and get your questions answered.

As an engineer we don’t make that much so we have to scheme our way out of it.

I'm not really worried about the cost of utilities as it would probably be around $50 vs $1700/mo rent - negligible in the grand scheme.

In the grand scheme of things it is very little effort to put in to avoid a bad investment.

Real estate is a get-rich-slow scheme.

@Patrick Desjardins  this is based on my personal experience of doing probably 100 plus of these. they all started off great but this was in PDX so other areas may be different.. only 2 ever paid us off.and more than 50% of mine defaulted within 24 months.but we were not dealing with low value assets.. so I can see if you have super low payments .. or something like that.. but that is my personal experience.. on the flip side on our performing notes that get set up correctly from the beginning default is virtually non existent.. but no one in the note business has zero defaults. that is for sure.I think this new scheme of grabbing NPN getting them paying for 6 months then call them performing and reselling them like they are performing is high risk.. but that's my take on it.

Just like before it will be a phase and people will be tearing it out in the future like it's mold.We have found with all our builds, remodels to remain in the neutral color schemes and have never sat on a property for very long.

this is were the credit card Scheme probably is appropriate.. there are lenders that will do this but as a non owner occ and if its your first property and you have no management expeirnce probably a tough one.

The cards are starting to fall on what is essentially a Ponzi scheme.