The latest podcast had an in-depth discussion about the pros and cons about those houses (@Ben Leybovich was particularly harsh on them), but those they were talking about were renting for more like $500 a month, not $1000.I was also considering using my money as a down payment and getting a "better" property, but I will be unable to get a conventional mortgage since I've only been self-employed for 8 months (and I need 2 years), and I'm not sure I'm comfortable getting too creative with my financing at this point starting out, especially when I'm looking at a 10% ROI on a turnkey property. 

Additionally, can you go into depth when you state that working with multiple realtors will provide you more access to more properties?

@Nnabuenyi AnigboguThank you for the in depth post, great thoughts about appreciation that we haven't really discussed.

I plan on doing some mock ROI calculations in a few different markets to understand the numbers in more depth and gain a better understanding on the markets I am interested in.

Please know I am available anytime to discuss the model more in depth, just shoot me a call on my cell phone.Unlike a turnkey operator, we purchase all of our properties with the intention of holding these properties ourselves for at least 3 to 5 years.

I love Dave Ramsey and these replies have really impressed me with their depth of understanding.

I had to stack Sheetrock to get the depth but you could hardly notice the difference with the right feathering skill.You’re call, you asked for advice from people that had been through this.

Too many mistakes are made by inexperienced landlords and cost them big.having just read the Oregon statutes in depth ..

I’m familiar with both of those networks and I like the direction they are headed in, but there is still no in depth REI advise.I have yet to meet a financial advisor that can talk any detail beyond “buying real estate to diversify.”That is still a disservice to clients when they cannot explain the returns of leveraged real estate and how it consistently outperforms the stock market.

As I said, I don't invest in Gary, these are just the thoughts of someone with an in-depth knowledge of the area.