Yes, I know, it probably only owes you say $140k, in which case $1,400/m gross return would well cover the high leverage you may have - but, the building will likely depreciate surprisingly quickly!...

Also, read a lot of tangential articles then about CA and am surprised how unfriendly CA seems to be to landlords.  

One interesting thing is that I was originally looking at properties in nearby towns and had called into two other city halls to find out the process was simple and cheap, so I was really surprised to find that Newberg is so over the top.

@Cody L.You'd be surprised then my friend...

It actually surprised me because often this forum doesn't always get that quality of advice.Second, there are other ways to attract investors for this space other than syndication that may be better suited to this type of investment.

You just want to dive into their loan programs because I have always been surprised and what some loan officers have been able to offer (higher interest rate, but lower down payment, offering loans sooner to people just out of BK, etc.) they might be able to get you a loaner sooner than you think.

Surprising as it may sound, paying off Credit Cards in some cases hurt your credit score.

They got people beating down the door to hand over some money...With the ammount of posts I see people walking away from steady reliable income to become "investors" or chase a dream I'm not surprised the guru busniess is booming. 

I am looking at a SFH in Lawrence and was surprised to find that Neighborhood Scout estimates the vacancy rate there at 14% - about the same that it gave me for Butler-Tarkington (12 - 14%). 

Not surprisingly, the trend is to convert or form golf clubs as a nonprofit entity.