I'd venture to guess that even in the turn-key world, averages are meaningless.

Depending on your marginal tax bracket you’ll lose roughly 50% of your money to taxes and penalties by cashing in your 401k plan.

We'll lose all sunlight, snow won't melt, etc.

I'd venture to guess that there aren't any standard businesses paying an effective tax rate of 60% given our current tax laws.

Generally, the properties that are FNMA and FMAC that give OO a first chance are underpriced to the market already; meaning, this is the bank's way of offering great deals to OO without having to worry about investors scooping them up.While I agree it's annoying, my guess is that if FNMA and FMAC were to make these available to investors at the same time as OO, they starting list prices would be a good bit higher, as they know there would be more competition.So, you're probably not losing out on as many good deals as you think you are...

Then partner with her on the next one (you pay her 50% of the deal) as she watches and makes sure you don't lose your shirt. 2 deals in and you should be ready to do one on your own.

Good luck with your investing ventures.

So, if you want to avoid losing the property, you should prepare to eventually refinance it.From some of those discussions, plus ones I've had locally with people doing these transactions, the most common way the lender finds out is the insurance.

I do have a question of sorts if a deal does not make sense to me its better off just walk away without losing money.

It just takes time to learn enough where you don't lose your shirt, IMO.Financing is a big hurrdle, complying with the wishes of the neighbors and community, some can't get past the city council or building regs folks as they are frankly, scared to have a new developer fail and leave a mess.