But I’m willing to wager that with the same amount of effort and cash, you will be able to leverage the experience of professionals, to build something of your own that perfectly fits your financial goals, limits risk to you and your family, and is repeatable if you somehow lost it all just because you chose the “hard” route.

But for every success story of buying on credit I would wager there are ten where the buyer was under capitalized/ over leveraged and unexperienced and got left holding the bag.

I haven't applied for a loan through them yet but I've gone through the preliminary steps. 

Private deal.Obviously this is all preliminary as I have to look over all the actual numbers so we shall see.Sounds like a turnkey. 

A preliminary document with no contract.  

Doing some preliminary scoping online for example...the following is straight off the MLS…2010 Todd St Greensboro NC3 beds / 1 bath asking price 65,000Taxes 785Seems like it could bring in 700 / monthThose familiar with this market...is this a horrible area, do homes rent out easily, is this somewhat typical? 

Here are some preliminary numbers I ran: 260K FHA no repairs and current rents on left, 300K 203K, reno and higher rents on right: % Down Payment 5.00% 5.00% Down Payment $13,000 $15,000 Remainder of closing costs $3,000.00 $3,000.00 Total Due at Signing $16,000 $18,000            Mortgage Rate 4.60% 4.60% Length of Mortgage in years 30 30 Monthly Mortgage payment $1,266.00 $1,461.00 Taxes $386.00 $445.00 Sewer and Water $50.00 $50.00 Trash $50.00 $50.00 Heat/Utilities $ - $ - PMI $ 180.00 $ 208.00 Cap Ex and Ops $200.00 $200.00 Insurance $65.00 $75.00 Mgmt Fee $165.00 $165.00 Vacancy $132.00 $132.00 Total Expenses $2,494.00 $2,786.00     Unit 1 $500.00 $700.00 Unit 2 $900.00 $1,100.00     Total Revenue $1,400.00 $1,800.00     Cashflow/month ($1,094.00) ($986.00) Cashflow/year ($13,128.00) ($11,832.00) Cash on Cash Return -8.42% -6.57% I have not talked with the seller in detail yet, as I want to see if this is worth a deeper dive first. 

Id wager 20$ that there is some defect with the park.  

Now when you play video poker you don't automatically get free drinks, they have an electronic system that will only allow you to have a free drink after you've wagered enough.  

If you're still just in the preliminary phase and just trying to acquire a base of knowledge, this site will give you all the info you need.