Would that imply that this bank would have to list the property for auction?

The original poster asked if he was looking at a FSBO, implying that he was looking, and did not yet have an agent.

When you say "find solid wholesalers" that implies finding someone you can trust to bring you true deals.

HML usually implies that you've already tried EVERY avenue before going to them to beg, right?

This does not imply that good management, good purchase, minimizing mistakes would not increase the return further.

However, call it a "binder payment"; if you call it a "deposit", this implies you are holding it in escrow for the tenant, and it is theirs by right.At the "contract to hold" meeting, I collect an amount equal to one month's rent.

They're already covered by the intial contributions.Then there's the labor thats implied by the 85/15 split.

I listen on my way to and from work and also while I am on my bike trainer.

The other lesson implied but not explicitly stated is you need to manage your PM.

I will try to make some sense, taking the area where I live, Dublin 2, I know the price for an apartment of good quality, 50 sq meters, new-ish and one bedroom, would be 1300-1600 euros, and the price 250k-300k, give or take, that would imply that if I wanted to buy an apartment to rent it and be cash-flow positive (or equal, in the end at least you are getting an apartment) and asked for a mortgage to 30 years (don't think you can ask for longer) the cheapest I would be getting would be 1075 euros per month (and that is variable interest, always tricky), assuming 275k price (see http://www.mortgages.ie/go/first_time_buyers/mortg...) and that is putting 40k down (because you will be asked for a similar amount), if I get 1500 for the rent, and I assume half of it will be expenses (seriously that much?)