Which was $42,399.08/$35,950/5×100 =  23.5He also stated the total loan was $60,000 and the payoff was $55,004.72 over 5 years....He has 1.1475/5 to get 22.9% ROI....WHAT IS 1.1475?!?!?!?!?!?

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

If you are looking to buy in PA, its possible you can qualify for PHA KFIT program that gives you a 5% closing cost forgivable loan.

Step 1: Ensure you can get financing (is it a cash purchase or will you need a loan). 

Unless new companies move into the city and create replacement jobs, all that will remain are lower-paying service sector jobs.

Some outreach to local companies with a transient workforce may be worth your time - you'd have 1 lease rather than 5 (1 per bedroom). 

Quote from @Jonathan Glumac: I work for a MF Development Company in Texas and I want to get my realestate license.

Hard money loan How did you add value to the deal?

I'm guessing an investor who could afford an $800K house wouldn't have trouble getting a loan, but maybe they would like being able to make a small or 0 downpayment. 

Earlier this month, Lemonade was still quoting renters.Has the tenant tried getting it from the same company they insure their car with?