I think it has led the major metro markets in job creation for at least a year and a half.

(Shudder)...So, even if you could buy it for half price, unless you already had an end-Buyer lined up, you could STILL be asking for trouble! 

The easiest way to use OPM is by having great credit.  

I literally never had to take one of htose back because thse were usually 2 to 4 year notes they get in them a year or more and they are half paid.. 

I often call to confirm, but if I had 6 showings all in a row I'd probably play the odds too and expect at least half of them to show up!  

You can take it up another level and if you end up in a place where you have a modestly sized 2BR you can find a roommate and have them pay half the market rent for the unit and split the utilities and then you could be in the living free/making a small profit area there.

Well, the roomate had already given him his half of the rent to give to me.

I would suggest you either divide your 100k in half or into sections(33k), so now you can purchase two or three properties...remember I'm fairly new.

Look up "Quit Claim Deeds"......This is the easiest way to place personal property into a business entity.

Here’s a couple more details of the property:Purchase price = $300,000 (I think it would appraise around $280k, although comps are hard in the area because not many multifamily)Downpayment from me = $10,000Remaining mortgage = $150,000 (monthly payments of $1360, $800+/month principle)Seller finance at 0% = $140,000 (balloon payment after 3yrs)Monthly rent = $2800/month ($700/unit) Easy to rent at that price, opportunity to increase to $750-$800, maybe even $850Now – you might jump on this and say that maybe this isn’t a good rental at all based on these numbers since it’s about half of the 2% rule.