A subdivision of nice $400k homes was built across the street back around 2004.

Hi @Drew Sygit, thanks for your response.You shared some good insight, particularly about the classes of tenants that would push back against the strategy I proposed originally.

sounds like someone got a nasty gram.. we see this with the syndicators that are called out then threaten the investor who called them out.. or anyone else companing about a service only to have the company either threaten or tell them if you take this down or retract we will give you your money back.. kind of like landlords lying about how great their dead beat tenant is to just get them to move on to the next landlord. 

Once everyone understand the mechanics, and the results for all: they'll keep coming back to the table!

Two Years from now you can go back and look at the "stupid" questions that you asked and remember that everyone starts somewhere :)

I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!

There needs to be more and more money circulated now that our currency is not backed by anything.

However, the loan would also be backed by a personal guaranty. 

@Jose Morales Is there a reasonable expectation backed by fundamentals suggesting these properties valued at $25K will appreciate?

I know the thought of investing is terrifying going into it, but once you dive in you will never go back!