Your looking at a blended cost of capital around 24%.When I run my hedge fund, we get a blended cost of capital of less than 5% using a credit facility/warehouse line based on Libor at 3.25% currently blended with the targe returns of the fund at 8% (10% to 11% if interest is compounded).

Has anyone run into a situation where it was a typo or a mistake on the site?

Of course as the others have said you must run a credit check and see what their rental history has been as well.

In Montclair NJ I've heard of penalties running into the 10's of thousands of dollars.  

I start looking into buying a nice big home after renting out a penthouse condo in the middle of the city when I ran into a speed bump.Buying too many luxuries, whether you're paying cash or financing them, can hurt your business as an entrepreneur in the long run. 

I'm a member of Capital REI, which is run by @Roger Lin, @Justin Pierce, and @John Rubino.

I'm a member of Capital REI, which is run by @Roger Lin, @Justin Pierce, and @John Rubino.

Sorry alot of these other investors don't understand construction side of things cuz they get over their heads isn't fair to the one who's doing the work when they run out of money cuz they haven't dealt with anything of the sort & I'm tired of filing paper work over breech of contract it's old.

In the long run, look at it as an investment.

Hello Everyone, I'm a part time investor and run EPIC Property Management in Cedar Rapids, IA.