We would meet once a month and just hold each other accountable for the steps we are all taking in building our RE business. 

A little further from home you'll find some of the value you are looking for in Kentucky, another state that is supportive of manufacturing and in following the state Economic Development you'll see chomping at the bit for more manufacturing. 

Prior to losing the home in foreclosure the previous owner had retaliated against the lender by cutting out most of the exposed electrical wiring and removing the heat and air units from the property. 

After that you'll want to see what sub-market/zip code might make sense given the relative rent/price ratios.

The payments from the mortgage would cover a loan of this size as 12% interest.  

.: Hi all,Here is the scenario.61 years old.

During the GFC, the Obama administration took control of these entities and they have since been 100% controlled by the government. 

On the other hand who ever buys the property will have to raise the rents.

.... review the borrower's exit strategy! 

This is not an unusual structure for investors with loads of experience and model that is proven to work, but for someone just starting out it makes no sense.Cheers!