You can gain equity but you want to outpace inflation.Many buy in these areas and others for the appreciation more than the cash flow.If I just keep up with inflation I feel like I am just spinning my wheels.The 50k houses in Atlanta the investors were probably sold a bill of goods.We have properties here that sell for 4k to 6k in the war zone areas.The nice properties in great areas are gone in a day or two.These companies then out in a tiny amount of money and resell for a fat profit to out of town investors.Home buyers to live in your area will pay a premium.Have a broker/agent research the MLS.Has there been any solds within the last year even close to the price you would need??

If you choose sugary, fatty junk food, you're gonna get fat, but we never blame the store for fat people.

Yes, you might see a nice fat 2% Rule property, but what does that mean if vacancy is 15%; or turnover costs are twice what a B property would be; or if property managers charge 12% instead of 8% because your building is so difficult to manage. 

There will be double the closing costs, but if your margin is fat that won't matter much.

Investors when deals are fat want to hoard deals.

That's why it's a point based system.It depends on what type of deal, loan amount, how much time and effort are involved, how quickly does the borrower need to close, etc..If a broker has to put other deals on the back burner to rush this deal because the borrower needs to close quickly, then the fee will be higher. 

I kind of put my desires to the back burner since I started back to school for my Bachelors Degree in Project Management.

My deals are pretty fat on the profit side so I dont mind 12% which I have paid to lendinghome for a project last year...but I always strive to find better and better opportunities to increase margins..

Plus knowing I was going to be following up with them put me on the back burner of their gray matter some what and they  were actually more ready to talk to me when I called instead of the I really haven't thought about it  square one type answer because they hadn't, your first call was basically in the discard pile mentally.

,let alone lend you another $20k interest free.....fat chance.