Lender with REO's have some regulatory issues, but those are likely to be stretched in this cycle, if it unravels as expected.

In an environment where rents are $1,500 on average, their total cash outlay to move in was:first month's rent = $1,500,last month's rent = $1,500,security deposit = $1,000,option fee = $5,000,total cash expense before move in = $9,000,A lot of folks don't have that kind of cash.That can be a tough stretch.

I would not stretch it out over 3 years. 

I'm looking to get into the Richmond market but I'm trying not to stretch myself too thin.  

So I make $1600/mo cashflow.I can pay mine off, mortgage is $180k balance, or I can buy 3 more (all things being equal)so $60k x 3 = $180k to pay off first mortgage, giving me $3200/moor $60k x 3 more properties (all things equal) gives me $1600 x 3 cashflow = $4800/mo cashflowthat would give me $6400/mo cashflow instead of $3200/mo by leveraging with the bank's money.Keep in mind, you have to keep reserves in case 5 AC units go out at the same time, ect...Dont stretch yourself too thin.

Corey, I'm no Pro by any stretch, but I do believe it all boils down to due diligence in having all your ducks in a rolw and full disclosure to the parties that you are dealing with.

Again, I don't want to stretch myself too thin too quickly.Thanks again.

Stretched to thin.

However I want to make our saving stretch and buy more properties then spending it all on one.

(either that, or they stretched the rules really far to make the value come in to where I needed it)