Genuinely, Chase

@Huw McDonaldConsidering that you are buying this for investment and looking at the numbers that you have provided, the answer is simple: it is not a good deal.You’ll be significantly out of pocket every month for the privilege to be a landlord and you’ll subsidizing the lifestyle of your renter and exposing yourself to significant costs down the line if your tenant is a troublesome or trashed your property.For the same numbers to make same, you’d would have to make a much larger down payment.Assuming that you are paying full market value, (which the numbers tend to suggest), it makes no sense to go in that dealIt could make sense to go into a deal like that if the property is selling at a discount and you’d have some equity built-in right after purchase.Maybe there is a significant upcoming development close to the location that you are buying that would make your property more desirable.If you have those facts and know that particular market well, then ok.But recognize that what would be do is essentially speculative “investing” than value investing

I was very thin on money but was able to recognize the opportunity thanks to BP and other real estate knowledge I had obtained.

@Maugno Mora We all make mistakes, but step #1 is recognizing we have made a mistake.

I believe larger multi-family properties to have a very high risk factor that few investors recognize.. 

They (section 8) are usually more stringent on their certificates of occupancy so the city may recognize it and not even go out there.  

I recognize and appreciate that these types of leads are of a different quality than say, for example, direct mail leads.

@Matthew InmanWhile a self-directed IRA may be invested in foreign real estate, the country where the property is located may not recognize an IRA as an investor; therefore, make sure to work with an attorney in the foreign country who can help you identify such.

I believe genuine relationships are built through providing help and knowledge to others, and started by reaching out to people who are willing to share their stories and advice.

I feel confident that her reasons are genuine.