They are hard on the rentals, not to mention waiting for +40 years for an investment payout on a nickel and dime bet on housing in a very poor area is not a good investment strategy.

Aside from income metrics, banks are also pretty obsessed with collateral quality these days, so it will be a good idea to only show them C+ or better, as far as location, and property condition/age.The typical local bank will offer both conventional (the 30-year fixed you're looking for) as well as in-house (portfolio) loans.

I wouldn't bet on "busting the comps" or getting it to appraise...

We'll talk shop.First, $600/mo. sounds a bit aggressive for Columbus C or D area.

But I've got 8 houses with those terms and they don't count against my conventional limit of loans.Again, I'd bet only about 10 to 15% of the banks do them.

So that leaves solo K or checkbook LLC IRA.I think I have a handle on the checkbook LLC IRA, and the sizable but one-time up front fees to get it set up (perhaps $1,200 I've seen), with minimal ongoing custodial fees since the custodian only holds one asset, namely the LLC.As for the solo K, I understand that it requires a current active business (Sch C or corp) to create the plan (ie. being a full time investor holding Sch.

A lot of voice is given to the "don't bet on appreciation" idea here on BP, and I think 95% of the time that's good advice.

Not only did I notice that it was the ONLY vehicle listed (use to be tons) but I didn't receive ONE call on it.

There would have to be tons of potential for it to be worth the time.Short sales are everywhere.

Either I suck or the old addage always bet on black doesnt always work.