Investors need to understand concepts of courts of equity and courts of law.More in depth discussions fill the note forums on BP, from this you should be able to follow the concepts.

If you dont want to take the full punch on the chin, you could rent it out for a month or two at a time (make sure you do a contract) and at least stay a foot or two underwater vice Titanic depths. 

Sleeve is 27wx17h x 17 depth. 

By his own admission, he didn't have any formal training in finance other than that required for a loan originator.A RMLO (mortgage originator) is required to take a 20 hour class and a 100 question exam, about as in depth as a real estate agents license as to laws pertaining to mortgage originations.

I wrote a blog post about IREM that goes into a little bit more depth here if you want to check it out.Best of luck in your endeavors!

It would serve as a more-in-depth piece of literature that could protect the landlord ( Of course if you get the wrong tenant it does not matter!).

Thank you so much for the in depth explanation and the awesome answers!

Darren - I do not know enough about commercial deals to comment too in-depth, but as Jon noted, this would sound like loan fraud to me.

We work mainly with out of state and international investors who find themselves in this very situation.The main thing a turnkey company brings to the table is an in-depth knowledge of the market and an established team of professionals (property managers, contractors, inspectors, etc.) that will allow you to begin investing from day 1.

One one hand it's very hard to get the depth of understanding of how the numbers work by using someone else's spreadsheet but if you're not in the building spreadsheets business there may be better uses of your time, like finding deals.