:violin: The bank got back to us, they counter offerd at 199,000 which is fine but again the house being off the market came into play. The

There's no chance to play the "ignorance" card if they ever find out and you'll have very little defense if they want to penalize you to whatever extent they are able. 

Thats really where cashflow lies in multi family investing. buying A class usually is more of an appreciation play. the lower down the class of neighborhood that you go, the more positive cash flow it has. this is also similar to a cap rate which can help you to judge an area.

As for delaying the UD, that's child play.  The

You still need to play the "market inefficiencies" game to get the best deals, but your odds of putting together a decent cap rate on a passive basis are going to be a lot better, probably with far fewer landlord headaches. 

My recommendation is to play the long game where you save, learn and get your credit back so you can have staying power in this business.

One syndicator I know personally had some funds raised through I funding I think it was that went banko and now they are in direct contact with the investors and can play the roll of savior.. as others in I funding deals are going to run the gambit of loss of interest to loss of principal to total wipe outs like the Milwaukee fiasco that started it all for those boys.

You can play the Boston ripple effect for sure.I have a bunch of friends who are now set for life from purchasing in Somerville/Everett/Malden 10-15 years ago.Good luck!

Only if the tenant takes it elsewhere will I play the hard a$$ LL role. :)

I'm interested in wholesaling and buy and hold investments.I am originally from Medellin, Colombia (so of course I enjoy soccer) and recently decided to learn how to play the electric bass .... making very slow progress with that endeavor, but having fun with it.Look forward to meeting other investors in the area and learning about REI!!!!!