But if you lend out at 12% and 3% points, you might be able to earn in excess of 15% (if your borrowers pay you back less than a year).Otherwise you’re going to trick yourself into buying junk.... and lose money.

If we were to sell today he would get back less than he put in.

The claim is that you get this money back less the $650 charge for inspection and appraisal.

I called back less than an hour later and they had already called one to come by stating I took too long to respond. . . 

I offered to fog the place with a bed bug fogger and if that did not satisfy them I'd refund their first and last as well as deposit less any damages if they moved out tomorrow, otherwise they could consider this their 20 days notice to move out before the end of the month and receive their last months rent and deposit back less any damages.

Damn you for starting the race to the bottom of the "give me money and I'll give you back less" business model!

2 day seminar will set you back less than $500.

keep in mind you have this money because of appreciation not cash flow .. when you go OOS in many areas and chase cash flow your chance at any significant move up in value has just gone away.. and if you need to exit or want to exit your going to probably receive back less than you paid so that will erode into whatever cash flow you garnered.. by and large  we see it all the time I am buying for cash flow and I don't care if the properties never appreciate.So if you are still going to do this U can protect yourself.. if you buy MF that are solid B's go no lower.. and if your going to go into a gaggle of SFRs just figure out the median price of a given MSA I will pick on INdy since I know it.. its about 134k if you buy at that price point give or take a few bucks either way.. you can have a chance at some move up in value it wont be much but it could say be worth 150 to 160 in 5 to 7 years and with sales cost you would at least break even..

Reason being he is representing himself and hasn't had to spend a dime on attorney's fee (I spent close to $4K) and the settlement terms was that he would pay me back less than 1/3 of the back rent he owes me and then stay a few months more to pack up to more but pay me rent while he is there.

Same speed over longer time takes you farther.Same with money. 10% per year for 10 years will pay back less than it will pay back over 20 years. $100,000 will pay back in 10 years, $200,000 in 20 years.