Paul within 1 mile of 5 college campuses and would be able to rent the property for around $2,200 per month with a mortgage payment of $1,300Selling:I frequently am looking at listings and open houses in my neighborhood and see the homes around me selling at inflated prices.

The high interest rates we had in the 80's resulted from efforts to control inflation.

You may be happy buying the income stream and  not care about the draw-backs of an inflated sale price.

The midwest market is prime for this type of passive investing where inflation and home prices are still realistic.

I was afraid they would use it to possibly inflate their fee structure...basically "if he paid x amount before why can't we charge him x amount again or higher" maybe this irrational but I don't see how they could possibly benefit or approve my loan based on an old closing disclosure from another transaction. 

We just went through (I think we hit bottom, and have made the turn) the worst downturn in my lifetime (adjusted for inflation) and now look what just happened.

A common con has been to borrow money against an inflated purchase price.Unless you are very knowledgeable about inspecting properties, a property inspection is almost always a good idea.

All sellers care about is net to them, so asking for closing costs is not an issue, so long as the purchase price is inflated by the same amount to make up the difference to them.

@Lawrence Hsieh I'm sure the projected returns are a little inflated, but many would usually beat most everything else...

I live in traverse city which is a little inflated these days.