Obviously other people can do math too!

Richard, borrow the earnest money from a friend or family member ONLY when you have done your homework on the investment.

Knowing nothing else, and assuming your $59K value (call is $60K for easier math) is correct, apply the 70% rule. 70% of $60K is $42K.

To tell you a little about myself, I will be graduating college in Dec with a BS in Econ and a math minor and a business management minor.

Ask them if they would allow you to market it for them.These are just a few questions.....Do the homework, don't take if for granted that it's a great deal.

You need to do a lot of homework regarding investing.

Do your homework in the future before getting involved with crooks.

I'd just do the math accounting for your monthly losses, assuming maybe three years of flat prices and then 3% or so appreciation.

Of course you want to put someone in in a timely manner, but it is not like you have a $1,500 mortgage.Now using those same numbers of $550 mth for 30 yrs = 198,000 minus 10% vacacany and 10-15% repairs you are still looking at $151,470 now take 10 homes like that and tell me where you go wrong bring in $1.5 Mil.Simple math not complicated.

Because successful people don’t gloat because of the Australian tall poppy syndrome, you need to do your homework and ask people about their success.