At the end of the day, everyones ultimate goal is to become the bank and simply lend out a pile of money and collect a return rather than having to do the grunt work of making these assets perform.

If you end up looking out our direction feel free to reach out, i am an investor and agent.

They confronted me about selling their property by the end of the year.

@Manuel A Zuaznabarunderstand it's expensive / high barrier of entry but the midwest comes with issues tooi think it's worth itwhat you don't want to do is buy a random property that looks great and then start sinking tens of thousands into itlike these folkshttps://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...

Economists:It is said that there are 4 phases of a real estate cycle: (1) RECESSION (supply greatly exceeds demand and high vacancy rate); (2) RECOVERY (rental growth remains stagnant with little signs of new construction but the economy feels like it is headed in right direction); (3) EXPANSION (job growth is strong and increased demand for housing. 

Right - I meant that 25% would end up being my baseline, with the possibility of the interest payments being higher.

Highly recommend calling them as any other message is likely to be ignored.

Philly and Waterbury have very low purchase prices with high resale values if an investor is looking to put in the proper work.

However, being audited or challenged is not the end of the world.

Seems the demand is still pretty high.