While only the most Aggressive think that real estate wont adjust downward 10 to 20% in the next year or so.

@Kenneth GarrettEvery thing I have read about subject to sounds like the seller wont get anything cashwise until the sale/refi if at all.

I would appreciate if anyone who dealing or dealt with larger scale projects will advise me on this one.Now to the facts:Property type: ChurchProperty cost: $200k Development costs: $2.1M Number of units: 24 Average rent income per unit: $2,000Estimated total investment costs (including unforseen situations security): $2.8MEstimated annual total income: $576,000Estimated annual expenses + vacancy loss: $176,000Estimated net annual income:$400,000Estimated net ROI:14.28%Estimated time to end project:2 years ***The Property is located on a prime location in WB, PA***There are different sources of funding that I'll have to use for this project, which I guess it'll have to be a cash investor funding combined with banks / lenders money, so obviously I wont be a 100% shareholder.

The bottom line is they wont accept lowball bids, they will just wait a set period of time, lower the asking and then wait longer, lower the bid etc.

I later realized that my long-term returns would suffer due to a lack of appreciation, and have since done a metric ton of research on viable cities based on population growth, job growth, etc.

For example, if an owner normally gets their disbursement on the 15th each month, and the tenant pays late, but prior to this date, the owner does not suffer and can still have access to their funds as if the tenant paid on time. 

In case you haven’t heard, the U.S. economy just suffered its worst quarter (April–June) in our nation’s history, with GDP falling a historic 32.9!

They wont all be home runs especially starting out but you have all the wealth building benefits of real estate with loan paydown, tax benefits, appreciation.

And most wont let you account for it until you have 2 years of landlord experience.

I grew up in a huge family that was on government assistance not because my parents had made a succession of bad decision but, rather because my father was physically disabled fighting for our country and my mom suffered from deep emotion trauma and depression.