Joe, I can say that a lot of people avoid the West End/Portland areas, but I believe those people are short-sighted or unable to see the potential in these areas. 

The CU offered me $200k, interest only or principle and interest payments.

I pay off principle of the mortgage around 13-14K a year and expect it to be an amazing long-term, cash flowing rental.

My goal in starting a syndication and delving into real estate this way is to jump into the field without needing a huge upfront investment and gradually expand my portfolio, which aligns with some of the principles laid out in Brandon Turner's book.

Is there any recommendations on sights or places I can find good quality tenants. 

Buying down the rate, using that money toward principle or using all of it as the down payment.

Were there multiple occurrences/sightings? 

As for the median American in my age group, yes I'm way beyond that and I attribute that success to the following:- Willing to delay gratification on a regular basis- Willing to do jobs no one else wants to do- Willing to work long hours for results (a strong work ethic)- Willing to take calculated but high upside/low downside risks- Willing to allow the "fruits of my labor" to be returned to the business instead of paying for a lavish lifestyle- A strong commitment to these principles by my spouse- A strong run of being healthy enough to work to produce excess profits- The fortuitous grace of being born and growing up in the United States, where opportunities for financial success are everywhere and accessible to anyone- A splash of luck at being in the "right place at the right time"

Forget the bs nonsense being pushed by gurus - study PRINCIPLES of real estate, real estate FINANCE, and real estate LAW.  

@Rob BlockAll interest payments have been received, with full return of principle on the first two.