ahh, i know what APT you're talking about. that area is not too bad. but if they are already being rented for $550, you're going to have a tough time increasing them much more than that.

And that is something I will never tell someone to do, because while the chances of something bad happening may be slim, you are technically committing mortgage fraud.Not what you want to hear, but hopefully that helps. 

Again, it probably goes back to me thinking people are good until proven bad.

I would rather keep my cash any day than put it to work on a mediocre property and area and hope for the best strategy.If you are worth millions and want to take  a small percentage of your money and take a roll of the dice on something that is different than saving up a long time to get started and buy a mediocre property and it becomes nothing but headaches and saddles an investor with bad debt so when a good deal actually comes along they are stuck.

Though with the next down turn in the market (whenever that is and how bad is a role of the dice) foreclosure rates will go up for sure.

- What is your thought on the 30 year amortization, is that a good or bad thing?

What has your experience been like? You can get some really great profit margins, but understandably there is headache... well, for a newbie, what kind of headaches are we talking about? Isn't Section 8 guaranteed ren...

Don’t feel bad about walking away either. 

So if you wanted to break it down per unit it's $35 per unit total per month $35 per unit per month is not bad.

Basically something that would give me an idea of what constitutes good vs. poor numbers, good vs. bad neighborhoods, etc.Thanks!