The good news is there will be a shortage of C class, but as an owner manager, cities are really pushing for rent control....I had a horrible time raising our rents 8% in Mpls....units were purchased $300 average under market rates.

LOTS Of fake lenders work BP  face book linkdin etc.if you cant find anything on them I suspect you may have run into a fake.the telling clue will be1. rates too good to really be true or lower than industry norm2. too quick to approve you..3. they want a modest deposit up front and give some BS reason why the want it.4. no website ( although many fraudsters have generic websites website alone does not mean anything.5. check on licensing.. there are only about 12 states that require licesnes. not sure about our state thoughBut I would say 95% if you cant find anything on them.. and any of the things I said above are what they are telling you,, cheap rates small up front deposit.. probably not real and you will just lose your 500.00 bucks or whateverOh the other great one is you have to buy an insurance policy because your new or a little weak on the financial side.. there are NO insurance policies for private loans if you fail to pay.. that's just another fraudulent payment to a non exisitant entity.real estate lending has become the new Nigerian prince scam..

What is the average interest rate without a co-signer?

Our ST should bring in an average of 4x’s what our LT’s do.

I have been in contact with several different people in the real estate industry and while they say it's slow moving people are selling and flipping (average turn around 6-8 months). 

If the average days on market is around 180 days, then the property at +150 days is probably okay.

There is minuscule chance, an average Joe who wants to be successful in Real Estate, other than borrowing money from family, having many friends, raising capital via syndications, creating a Corporate Entity, ( which necessarily don’t impress me, there 100 unit apartments, over leveraged, I could do in my sleep!

Depending where you’re working (cost of living taxes etc), and if you live average or somewhat frugally, you could likely buy 2-3 properties in an out of state market in one year.

I look at Population & Job Growth, what major Industries/ Employers are in the market, major Airports ease of traveling from NYC to my new market, traveling costs etc, Purchase price to rent ratio I follow the 1% rule but in hot markets it gets harder to find.Markets depends on what you are looking for, if you want positive cash flow every there are a lot of markets that can accomplish this.

What would you say is about the average sum of holding and/or closing costs?