James Wise, Good gravy -- that tenant's a bad apple.

You can use the same formula, but a REI is more "mobile".Second mistake, is you are not comparing apples to apples in the overall comparison here. 

In our area, the largest employer Apple did not even have layoffs.

many threads on them.. they from what has been said require a 3k deposit up front with no gurantee of funding.so its not no money down.. plus I think you have to front rehab and get reimbursed so you need money for that so once you start adding this all up.. you may want to talk to local HML s as well. just to compare the real apples to apples.the biggest complaint I have heard is people pay the 3k and can never find a deal good enough to get through their underwriting and just lose the money.. they do for the 3k though send you some how to books and tapes I think but you can buy that stuff on E bay for 50 bucks.

I don't want to muddy the thread with a debate between SFH and MFH but compare apples to apples if you're going to make the comparison.

But in the middle of all of the bad apples there are some legitimate and honest wholesalers out there.Good luck brother :)

Because it's so simple to get into, we get some bad apples (probably a lot of bad apples). 

Here is what you need to keep in mind:Interest is not deductible - this is apples to oranges comparison. 

Now, vetting a applicant is not apples to apples. 

If people factored in the costs to operate a property as part of the purchase equation, then perhaps they would be able to compare apples to apples, but that's just not how we value property these days.