Certainly, folks who promote RE investing often do just that and stop at this point.

The only draw back is that the Light Rail stops running from about 1am-5am, so you need to focus efforts on city commuters who are not interested in going out at night time.Jersey Heights I don't know nearly anything about, it would appear from my forays up there to be a pretty rough neighborhood.

Unfortunately, I was just read that the city that I own property in has put a stop to allowing any more billboards or large "off premises" signs, which are basically commercial signs for businesses that do not occupy the property.Oh well, it was worth a shot.

They failed to get the proper permits and a STOP WORK order was issued by the city.

I was just stating my personal opinion along with the science of the bullet with one shot stops, etc.

Thanks for all the welcomes guys, basically I started about 4 years ago when I borrowed some money from a relative and purchased a fixer upper.

Looking to go to 80%+LTV, I used National City (got 90% LTV) on another similar property last year but they stopped lending in NY.

Basically, from the lender's point of view, your friend (their borrower) could be in this just to split the $90k with you.

How much can you do yourself in terms of fixing a place up if the tenant calls you at 2am with a stopped toilet?

Option ARM borrowers are overwhelmingly paying the minimum payment.