They all use craigslist, so do I. 3 BR houses in the area rent for 1500-2000, the two times I've rented it I've had 20+ people interested.Looking at other craigslist advertisements on there I am constantly awed by people who 1) can't use a digital camera 2) don't post their 8 photos for free.

You are basically saying the lawful currency of the United States is NOT acceptable to pay the debt your tenant owes.

Third, you get to do a final walkthrough with the tenant in person, so everyone knows what the place looks like at day 1 (and take pictures)Sorry to go off topic here, but digital formats always have the potential to be tampered with.

We're looking for double digit cash on  cash return.  

Makes a lot of sense for a SD IRA/retirement account due to lower transactions vs a rental, you are buying the note at a discount, and getting double digit returns as a banker.

Any talk of the US dollar loosing its status as world currency of last resort is just absurd.  

Hi Rob,Good questions.In general the Las Vegas purchases will be trophy properties, low to mid single digit RoI is all he is looking for, especially if it's on the strip.

The "single digit rates are rare" commentary should specify that it is applicable to hard money / private money, and not to Agency (fannie/freddie/etc) lending. 

However, Comptroller of Currency, FDIC, FTC and other regulatory agencies have rulings amending lending activities by consumer and commercial lenders to Reg Z.So far, the individual HML is still out of the woods, they aren't under most of the banking regulators' cross hairs, technically. 

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