Plus, they point out that the properties are nicely rehabbed, in solid neighborhoods with high rental demand, tenants are rigorously screened, and to cap it off, the buyer may well sell the property at a big gain well before these repairs and capital expenses start hitting (remember, you presumably "captured" a boatload of equity when you purchased), at which time you can roll into another property.At any rate, if you hold the property, the assumption is that Years 2-30 will experience none of these expenses.

I think my wife and I would rent for just three years at least you have a solid exit strategy.

John,Not sure what what your laws are in you neck of the woods, but around here, the only way they get interest is if the deposit is higher than the monthly payment.

Nick, banks generally don't list homes at 33% of FMV, how solid are your numbers?

Say, 3/2, built 1965, 1500 sq ft, wood siding.

If you spend your time getting good deals, the buyers will come.I recently dug up a great deal in my neck of the woods for a great price.

Both of your points are solid advice.

Kevin can you define specifically "solid commercial projects" you are seeking?

Given that we're a small, 4-unit, owner-managed HOA, we've thus far not had to employ legal counsel (knock on wood).I just received the quote, though, and learned that the policy being suggested as an alternative is offering a slightly less expensive rate along with better coverage.So, a silver lining to the big bank arrogance!

Or is it better to have a solid foundation of dependable income before jumping ship?