I own 21 properties in Memphis, Little Rock and Knoxville and you have to include vacancy and maintenance. 

Rock on!

Quality wholesalers rock and you can find them here!

Whether it's the free ebooks, podcasts, the forums, or the ultimate guides, this place rocks!  

There is a RV rock driveway that has a wood fence gate that opens up to the backyard where he could easily get in and out of. 

We are looking from Redding Ca to Medford Oregon and are going to get into multi family if we can find a deal.Thoughts?

Average income for the year.But like I said, there are lots of red flags that an underwriter can see.Regarding FHA, Fannie Mae has something similar, HUD has very clear guidelines about the sources of funds.Underwriting the loan is about making sure the borrower can afford the loan.HUD states:"Additionally, the borrower must have sufficient funds to cover borrower-paidclosing costs and fees at the time of settlement.

@Michael EalyI get that it’s your market and you feel defensive about it.That’s ok.But it’s not ok to misrepresent others.At no point have I said it’s impossible to make money in the Midwest.Not on my blog post, and certainly not here on this thread so far.All I’ve stated is that it’s no longer for me and that other out of state investors should be careful and proceed with extreme caution.It’s clear some local investors make it work.Swanny that you just mentioned has clearly already detailed in an earlier comment on this same thread how he lost big on at least 2 Cleveland buildings.When you get so defensive, it certainly raises all sorts of red flags about your own personal motives.We know there are so many people on BP who make a living out of ensnaring unsuspecting out of state investors into bad Midwest deals by painting unreasonably rosy picture of what’s actually on ground.And making outlandish claims of big successes that are often unverifiable on sites like BP is not new.It’s how the majority of predatory gurus online make their money.This post is about the other point of view.Let us be heard.Stop being so defensive and quit fighting me.

The person on the phone basically admitted to me that if you do the free listings, then their algorithm will give you good placement for the first couple of days, and then it will drop you like a rock way down after that.

@Matthew Beharrysingh I only own a rock at the bottom of the mountain, but here is my thought's on this whole wake up early thing.A lot of hype and flaunt in the business world is put into how early a person wakes up.