Ed,It would moderately suck to do this and get moved but I am comfortable with the situation for a couple reasons.1) There are many good programs in SE michigan which are all going to be ranked at the top of my list.

Supply remains moderate with vacancies being around 7%.

At 12% interest, I imagine you could find some people that would go 100%.To put it simply, I cannot pay 12% on notes simply because there will be a much risk for the capital investor and this is really about a low risk venture with a moderate return investment with monthly returns.

This is for good reason and I agree that everything is fine in moderation.

In my opinion a cash purchase in low to moderate income areas could net a 12% cash on cash return with potential for capital appreciation.

*** NOTE FROM MODERATOR ***THIS IS A REQUEST FOR ADVICE.

I was trying to merge this goal with the goal of a moderate cash flowing property but it seems this isn't a possible scenario.I intend to invest in cash flowing properties outside of this deal and have already done one cash deal where I bought a property all in for 33k that would comp for about 35k and sold it on land contract for 48k, with 14k down and the balance to be paid at 8% over 6 years.I am continuing to learn and hope to develop my knowledge and comfort in doing a variety of real estate deals but for now I will start with buy/hold rental properties or land contract notes As I have minimal sweat equity/time.My financial situation is interesting as I am a fourth year medical student who will not realize a substantial income for another 5-6 years.

While true if you get your structure pulled out of a high risk flood zone through a LOMR the lender could still require flood insurance, the rate would be based on a low to moderate risk instead of High Risk which on a $250,000 policy with a $5000 deductible in a AE zone the difference between paying approximately $500 a year and $3000 a year.

I wonder how the following would work: Have a roundtable discussion listing certain subjects and invite attendees to ask their own questions to 2-3 moderators at the same time and receive answers from either the moderator/leader or others at the table.

Hey Guys -Apparently today is Community Manager Appreciation Day 2012 and as such, I thought we should give a little appreciation to the man who makes it all happen, our lead moderator, Jon Holdman.