I am buying a SFH for 35000.Here is what kind of financing I got from the bank.4.8% interest NOO20% down ( I was told 15% but in the end it was 20%)Origination fee $750.00My charge for this interest rate $280.00No MIP since I put 20% downI need to show six months reserve on this house and two months reserve on my other house.Plus all of the normal closing fees...

Leverage isn't a problem if there is ample reserves and/or income from other sources for surprises.If I pulled all my equity out and had lots of cash would I be highly leveraged?

Also, I would submit the request with delivery confirmation or by hand and get a receipt.

All of the income is going straight to an account that won't be touched, and will basically serve as a reserve fund.

Yes Tony a TRUE Triple Net the landlord will not pay those costs.Lately net lease companies especially credit rated tenants have been more demanding in trying to get the landlord to cover some costs.It is very important to look at the length of the lease and terms and escalations.With inflation if the rent increases every 5 years is marginal and they want you to take care of certain items with the property it can drastically reduce your returns.It's all about what returns you are seeking versus the security and consistency of the payment.Generally triple net will hover around the 6 to 9 CAP range but will not approach the teens in most situations.For those kind of returns you have to usually chase after value add deals but they are much more work than mail box money from a credit tenant.Credit tenants have risk which is why you also research heavily the health of the tenant today you are acquiring the lease and their growth plans for the future along with reserves.

Your friend would have no reserves left and it sounds like he has no experience.

Agree with Brian and Chris comments that gold is at quite high level and I would invest in destressed assets over overhyped ones any day.But taking a step back, you mentioned you used up most of your cash and only work parttime If I was in this situation I would sell the gold and put the cash in bank account because I want to have some reserves in case something happens.Just my 2c

Our current plan is to just apply all the net rents (cash reserves already established)and all the extra money from our paychecks to pay the debt off in about 12 to 18 months.

As a result financing has been somewhat tough to acquire but I have some cash reserve to do a few deals.

If so, then you need to confirm that this is really the case.