Because I buy houses on Subto.The only thing I am really interested in is the mortgage payment I’m taking over.That’s why it’s called “Subject to existing financing”.If I can cover that with rental payments from the tenants I put in the property……and I ALWAYS do.It’s effectively free money.So I get to own a property without using any of my own money.AND……there’s no credit checks, no credentials needed, no tax returns to submit and no checking of my bank statements.It’s the dirty little secret behind why my property portfolio is growing as fast as it is.Because I can do deals like that all day long.Here’s what that means…I have a ton of properties that are appreciating in value…….that cost me ZERO dollars of my own.I have to pinch myself sometimes that it’s this good.And the icing on the cake…?

Hair dye is sold in a cream that you have to comb into your hair, lots of it + hair ends up in the sink, lady washes it down with the bare minimum of water, it sticks to the bottom of the lever-operated stopper mechanisms.

Like an FHA I had to live in one of the units for 12 months but I luckily didn't have a single vacancy through my first year and was able to not only pay all of he expenses but cash flow a couple hundred dollars every month.Now my 12 months is up and my unit that is being rented out is even more icing on the cake.

So you underwrite conservatively and then if it goes better than that you have icing on the cake.As another investor Brian Burke put  it on a podcast he mentioned (perform to perfection). 

Michael Q is one heck of a marketeer, he could sell ice to Eskimos in the Arctic. 

I consider the "coaching" to be the icing, Michael has massive experience and it's good to get questions answered because you can always learn more yet I don't need my hand held either.there are a lot of disgustingly over priced coaching programs or franchises offered by people of questionable character.  

When I sold most of those properties in 2017 and 2018, I also benefited from the appreciation which I had always thought of as the icing on top of the cake.I want to address some earlier comments about relying too heavily on brokers or providers for information.

Even turn it into a short-term rental...profits would double, but I want to assume the worst and make the deal as advantageous as possible as is, so that if I can raise the rents, turn it into a short term rental, or even potentially get a variance and either build or sale the extra lot that comes with it, these are icing on the cake.

That the financial aspects also made zero sense was icing on the cake in terms of me deciding to leave.

You can pick up a Stainless Steel ice in door fridge for $800-900 (Frigidaire 25.5cu) delivered and installed and used craigslist washer and dryer for $200-300.