I was under the impression that this call would be somewhat informative in nature rather than a call simply to schedule another call with one of "Scott's attorneys". 

If someone truly believe that the 17% is real and they could borrow money at a smaller interest rate, using the fungible nature of money, the person would take a loan to get into that deal, but a feel most people would not risk there primary residence on a deal like that. 

Naturally, that doesn't work for us!

Cheers,Dan  Dan, investing OOS is like drilling for oil off-shore vs on land: everything is harder, you need different tools and skills, and everything costs more.

They’ll demand answers to ridiculous irrelevant questions like what’s the viscosity of theheating oil in the tank.

Hello Ayoka, You can deduct certain expenses related to the rehab of the property, but how you deduct them depends on the nature of the expenses.

It's only natural that us young investors want that same gratification in real estate (at least I do).

Anything can happen: the market can shift, we can go into another extended lockout period, the property can be destroyed by a natural disaster or by vandalism, the list of contingencies is endless.

BP was bought by a PE company several years ago, and there will naturally be a bit more focus on revenue and profit growth. 

Financed the purchase of a 12 unit motel in an area with an oil refinery; the buyer/investor rehabbed and turned it into furnished month to month rentals.