And remember these are low value assets so not much is at risk.. if it tanked the bank would have judgements against the borrowers and collect from them.. they would look at the asset as just a piece of the collection effort.

I have an addiction to large fish tanks and the concrete floors are certainly very useful for people like me that are planning on putting thousands of pounds of water in their living space.

Septic tank issues or drainage.

It sounds as if in Mikes part of the world one needs a Sherman Tank!

It's also their opinion that the Arlington, TX rental market went in the tank in the fall.

It's been a year and a half since this thread and Barbara Corcoran, the founder of the 5 Billion dollar real estate company The Corcoran Group and real estate mogul from Shark Tank, just came out and listed my area, in fact the exact town I have been working in for a little under 3 years now, as the TOP area for real estate value in America.

There are a couple of differences here:  1) the moment you touch that $1MM cash, you get a margin call because the cash itself is the collateral.  2) when your stock tanks, you get a margin call.  3) the stock goes up, you sell and you have to pay capital gains. 

You name it and I have seen it stolen from a house.Pipes, doors, light bulbs, toilet seat, h20 tank, water meter.....etc.

For now, just realize the note waters are full of sharks, look to their agenda rather than what might be preached or "taught" as there are no note gurus truly teaching but rather devising a business plan and that plan isn't really for you or the "students".

Maybe you have a rich buddy, or maybe you can find a loan shark, I mean, hard money lender, that will set you up with a 20% APR loan with a balloon due in 2 years (because you're going to 'season' the property and refinance right?).