$14 Tr divided by 365 days equals about $38.4 Billion per day.My $0.02Blasphemy Kevin...now fall in line and learn to run around like a chicken with its head cut off :D Not following your math.

If you succeed you will like it and stay in for long term -- Some comments by Laura are good.I am engineer - and had four ( 4) rental homes --for over 18 years while still working full time --Consider as Busienss not just investment --this is not stock which you can buy and sell at any time --yes-some times confusing, frustrating and time consuming --My best suggestion is buy a single family home -- best time to buy now --bank foreclosures-- if you have a college or hospital near by -- buy a 3 or 4 bedroom house and rent to three --students or female nurses ( single) -- find local students or young kids to cut grass and have a lawn service to spray checmicals --get an older retiree for minor repairs and maintenance --and dont be greedy --keep tenants happy -- buy hosue --around $50,000 cash --which should be $80,000 to$100,000 current retail value - do some homework on pricing -Refinance the hosue after 12 months --get cash back and buy another -- if you buy one house every year or every two years and let tenants pay for mortgage --you ahev five hosues in tenyears and get paid in next ten years --you will have over $1 million net worth--all paid for Free and Clear Five hosues-- for retiring in 20 years or early --you do not need cash flow now --keep the job if you like the job -- good luck

Hi Cody, Depending on how much the mortgage payment is per month you might not need a coborrower-FHA allows for people who have a degree and a job to get a mortgage provided that the job is in the same line of work as the degree.So for instance you cant go get a degree in math and get a job as a dog trainer and say hey I don't have two year job history but I have a degree.

But do your homework first.

I can't help with the logistics, but the math is easy.$4k, with a $500 down payment over 30 months at $141.66 / month is 15.61% interest.

Bill,do the maths, $2,500 monthly = $30,000 gross = $15,000 NOI (50% rule) price should be at or below $150,000.

If the units would sell for closer to 300k or 350k it is a different conversation.If it was me I would sell it very quickly... by my math they are lucky to be making a 4% cap rate on this as-is

Well Scott after doing my homework and finding comps that range between $150-$160 within the past three months the value is certainly not the issue at hand.

So do your homework, be honest and be prepared.I am sure you will do great.Chris

Please do your homework.