My bad.

Had someone dating his daughter and they did something bad.  

-> Sierra west-> Bad schools,builders ready to negotiate, rents are not that greatAny advices, pointers on this .Thanks

-The mention of syndication being less risky than HML...I'd suggest it is more risk, possibly much much more since you don't know whether you are good or bad at vetting the operator right now.

You may have to search a bit for the right contractor or engineer - sometimes I see one solution dominating in an area - "that is how we always do it"  Thanks for the input - yes, it sounds like the specific area this house is in is particularly bad for foundation issues.  

When you pay cash for a $400,000 home and rent it out, your rate of return will likely be less than 6%.You could invest in stocks and earn 7% or better.You could put the money in a high-interest savings account and earn up to 5%.I don't understand why anyone would pay cash for real estate, erasing many benefits that increase the rate of return, while exposing themselves to the risk of loss (turnover costs, bad tenants, capex, etc.). 

Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow. 

Is it a bad idea to invest in properties where you would be able to collect rent that is equal or a little less than your mortgage payment?

The more rentals you have the more risk there is to having a bad situation crop up.

Do you want a tenant to pay on time... do you want them to treat the property good... do you want them to stay for multiple years... than why not have a conversation with them about putting in the 220?