You will face different challenges obviously, but you don't have to be a slum lord to offer low income rentals.

They are facing increasing competition from McDonalds and other companies/chains that are now advertising gourmet coffee drinks at sub-starbucks prices.

The biggest issue the 2 of you will be challenged with is how may properties you own which are financed. 10 financed properties is the limit for full doc loans and 5 for stated income verified asset loans.Cash Out refinances under conforming guidelines are nothing special.

I know people make Real Estate Investing seem like it's magic but money isn't just going to fall into your pockets because you want it to.If you really feel that this is your path (and I would challenge you to answer *why* you believe that is the case), given that you have no resources, I would go to your local REI meetings and hook up with others.

They are one of the 3 corner sections, but its the corner closest to the sidelines sections, which means the value is a bit higher (can charge more per seat) but the face value for the tickets are in a lower price bracket (higher profit margin!)

Then maybe even a couple of face slappings to wake someone above them up but if u don't try to succeed you may never.Give them real analysis work and it does happen.

---Anyways, to update this deal, it's kind of fallen flat on its face.

The next time you are working a deal I would challenge you, that when faced with a potential problem that you "seek solutions".

Look at the MILLIONS of "investors" that are now in trouble and facing foreclosure.

ITs always a challenge...