The remainder of my capital 30k will be used for the downpayment on my home (150k) after i purchase the rentals.Ex scenario:1. 45k property9,000 cash down paymentrents for 800-850 minimumtaxes under 1000/momortgage: roughly 300/monthcash flow: at least 300/month after everything (numbers compute to about 450 so 300 is safe to say)2. 50k property10,000 cash down paymentcash flow: at least 300/month after everything3. 60k property12,000 cash down payment cash flow: at least 300/month after everythingTotal down payments = 31,000900/month cash flow after taxes, hoa, repair reserveOf course the numbers here can vary, im considering section 8 which i've seen on 70k properties bring in rents as high as 1295/month.

Any good attorney would spin it that you, the predatory real estate investor, took advantage of him, the unsophisticated person just looking to invest in safe real estate.

I know many people trying to buy their first homes in these areas that don't stand a chance with conventional financing.It sounds like you may just be looking for relatively safe real estate investments with little to almost no management responsibility, especially if you're looking to go out of state.

I would also recommend having another investor (even here on BP) review a few deals before you sign a contract just so you are safe.

Rent for 1100-1300 in good /safe areas.

Both banks have robust controls around OFAC requirements, including real-time "kick-out" of transfers to &/or from companies on the black list &/or wires originating from or going to countries on the black list.You will be safe with either of those banks.  

A safe, healthy, efficient home is core to our business.  

If you have a lower end home that needs updates but overall is safe and clean, section 8 might get you more prospects at market rate vs the prospect of you having to discount rent to attract non subsidized tenants.  

However, I still would suggest trying to find a piece of rock wool insulation (such as Roxul Safe-n-Sound) to use instead of the mattress foam (you do not need an entire bail, just part of a single piece).  

This only applies if the property you are selling and the one you are buying are both investment property and you have to find and buy the new property within a certain time frame (I think three or six months), but it can save you quite a bit on taxes if it works for you.Otherwise, I'd recommend parking your money in an index fund if you want a relatively safe investment.