You can't be competitive today buying on current yield alone.  

This site has been instrumental in getting me from 0 properties to where I am today. 

I got an email today that the BOI requirement was on hold again since the fifth circuit reinstated the injunction today.

There, you just set your offer apart in what might otherwise have been a crowded field of offers.

In 20 years, those same houses that you own today will be paid off and worth double what they are now. 

With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that. 

Keep in mind in the early 80s seller finance was used far more than we do today as you note the carter interest rates were like CC or bad car loan rates..

Let's put this into some context: Let's say there is 12 million illegal immigrant's in US today. 

I did not do computer time today. 

Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.