If I were in their shoes, I would prefer you pay me directly for control the money used for care and other expenses.

I have all the income and expenses.

Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T"  ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario." 

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

Since rent range is pulling from property managers the data is cleaner, because so many self managed property investors market their property way too expensive and they will never get that rent, it is just hopes and dreams.

This does pose a challenge since that real estate is a lot more expensive than if you go more west and south.

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..

They are expensive, but that keeps only the serious players coming back.

The East Rock area of New Haven (near Yale) is a huge outlier in terms of pricing, very expensive. 

And if you were to invest in equities, what is your expected average annual return?