I think if I can save up $75k cash I wouldn’t need a HML And I’d be off to the races. 

Let's not put the cart before the horse...have you asked the 81 year old Lady if she wants to sell?

and am gathering nuggets that I'd rather not gain through hard knocks.Frankly, I would not start this race with a sprint to the first door under your belt, unless you were house hacking. 

Therefore, low to middle income renters will keep on renting and high income renters will be the only ones that can purchase a new house or condo and get out of the rat race. 

If you’ve followed our podcast, blog, and social media for a while now you’ll know we always preach the #1 thing to vet for when investing as a passive investor is the operator, but, I don’t want to use this post to beat a horse that everybody else has already trampled on (myself included).I want to talk about another item that killed this deal, which was the debt, and how passive investors need to understand their deals debt.Debt is the most common killer of real estate deals.A Quick Recap:For a quick recap of this story a group is getting foreclosed on 3,200 units in Texas when the rate on their $230M loan went from 3.4 to 8%.That means they went from a monthly interest expense of $790k to $1.85M!

I feel I put the cart before the horse getting it repaired. 

This led me to many other interests like passive income & ditching the rat race.

Best bet is to try the lender holding the note @Race Ostler.

You may be putting the cart before the horse in trying to decide ahead of time which financing strategy to use before you find a property.

I tried my best to clearly convey the story and get a point across without stepping on too many toes.I do, however, disagree that grouping people based on their chosen career (a conscious choice) is the same as grouping people by something they have no control over, such as race, or debatably, religion.