. :) I like Bill's aggressive style on this note, however, being that the LTV is so low, I don't see the seller going for a 30% discount on his note.

I believe it would be a disaster buying something in a low class area.The last thing you want to do is have tenants in those areas living in the same building lolThere would be constant issues.Houses on the other hand could work if you have a great property manager that doesn't necessarily do everything by the book and has a style to cater for that particular area.Thanks.

And you can earn "awards" for various "achievements" - just look at your profile.

It's difficult to achieve anywhere near $80k for most properties down there but maybe yours is an exception?

It's not a bad deal, it just isn't my style at this point.I am just speaking on it from a macro level on the numbers.

I saw your post and want to encourage you and your wife to keep your eye on the prize of achieving your goal of that first investment.

I think you'll come out ahead putting in standard double-pane windows and including the removable fabric style protective coverings when you sell.

I'm not sure what your ranting on here is trying to achieve.   

The one thing we all agree about is investing in Real Estate beyond us we have many different style and modes of investing.

@Martin Yung  1% can be had in most parts of the country, but other parts of the country you can achieve 2% or 3%.