The rub was the borrower pretended to be purchasing a home to live in and actually had no intention of living in the home.

If I pretend that none of that will ever occur, I can claim an extremely low expense ratio today, but it won't reflect reality over time.On the other extreme, the big apartment building (the pink elephant) that I purchased in January has one apartment that has been vacant for a couple of years.

Let us pretend it will appraise at $500k (an extremely high number for sake of conversation).

With many lenders tightening up and me being on title for less than a year I just want to be able to justify the increase in price from what I paid for it.I don't want some hard-*** inspector who pretends to be a code inspector pointing things out that might not meet code but are still safe and scaring a potential buyer.

One NR salesman comes on the forum pretending to ask a question about NR.

There is nothing wrong with assuming that higher risk, but it is silly to pretend that it doesn't exist or is an equivalent risk to more predictable strategies.Mike

You pretend that you have personal knowledge of every investment in the US and claim that all of them have 50% OE.

Call them all and pretend you're a prospective tenant.

(your supervisor can be your wife, partner, etc..)So basically you make every attempt to deceive people in your attempts to market to them and close the deal and you pretend to have a boss to answer to even though it is just lonely old you?

Pretend for a moment that the duplex was located a few blocks away instead of next to the 4-plex.