That's not *that* bad compared to some of the ugly stuff that's going on, so why wouldn't they expect to get the full amount back, even if it means having to pay up after the house is gone and sold?

I would also assume property damage is at least equal or higher than comparable units however couldn't the leases have the Parents of the renters be liable for any damages their little darlings would inflict?

The rates are also the lowest compared to the large bank chains.

The debt service value above assumes the entire purchase price of $700K was financed - I simply offer this to compare with the example numbers already posted)Cash flow - +$130/ monthWhat if your seller carried 20% (interest only at 6%) and you commercially financed 80%?

My experience so far has been when it comes to duplexes there isn't much to compare too.

Just food for thought.In addition to HML, there is private investors such as IRA holders (self-directed), people with $ in CDs earning tiny returns (compared to RE), family, friends, associates, etc.

At GMAC we have a written gaurantee of customer service with a 97% satisfaction rating, compared to 67% in the industry.

Just imagine what that home is worth today compared to '81!

When you think about that and compare it to what other real estate guru's are charging it looks like a bargain.

My 16 year old likes gaming and money so we tie exercise to rewards.