@Adam Smit I think building a relationship with the property managers as @Cody Stone mentioned is a brilliant idea.  

It sounds like a brilliant strategy, although it is not yet clear to me how you get past a certain number of loans (such as 4 or 10).

@Jeb Brilliant  for a small time investor newbie this would be on the high side.low value assets can pay higher % returns.. never get that on the west coast as interest would eat up any margin a person had.

@Jeb Brilliant @Will BarnardAlso, I went to the Manhattan Beach FIBI last week and was really impressed with the whole evening.

I'm fascinated with this new, brilliant asset, and I lose all track of time and space.

As the subject said, I'm new to real estate investing in the Twin Cities area and excited to learn from all the brilliant people on BP.

@Jeb Brilliant Hi and welcome to BP!  

It's a brilliant business model.

@Brilliant Clayton FHA Steamline Refi does not have any occupancy requirement.

The only tax paid will be due from interest.It's a brilliant strategy if you can round up the cash.