As long as your tenants are paying down the rest of that payment and interest, you are utilizing leverage.

As long as I'm not over leveraged. 

I don't care to deal with tenants as long as i have some that pay and take good care of the property (i know things break, so as long as they don't purposely break things its ok).

I have heard that these homes don't last as long as traditional homes and depreciate in value pretty quickly.Look forward to hearing for you all :)Jamie

I don't think you will ever have an issue as long as you stick by the 70% rule and know your rents.  

Either way is fine by me as long as the rent it paid.  

The rest comes from the tenant (rent) as long as you have positive Cash Flow. 

They say that as long as the debt is verifiable and a valid debt, you don't need their permission to report them for non-payment and if any tenants threaten to sue they provide a toll free number for tenants to call if they have any problem with the reporting.  

@Dominick Galinis there is no rationalizing building when you can buy existing inventory...if you're not an architect or have a tight connection with a custom home builder this will take twice as long as you think with cost overruns you never predicted...how are you predicting you'll be in an instant equity position?

@Tracy Schultz $36k is alright as long as you buy a turn-key property....meaning you aren't doing any repairs or renovations.