I think it's horrible that a parent would rather give their money away and hurt his children so deeply.

First and foremost, unless you have HORRIBLE credit that 9% is way too much with 20% down. now for the basics...Purchase price $36,000down payemnt $7200financed $28,800monthly payment $293insurance/taxes about another $100 lets figure $400 a month for all thistotal rents $700 per month x .60 (assuming you are going to manage the property)= $420 - $400 for mortgage payment = $20 cash flow per month...now the norm that people seem to shoot for is $100 per door, so you are about $180 short of that.

He apologized and felt horrible about trying to get me in but I understood why he acted like such a "Soldier" for NRU.

The carpet & flooring was horrible.

I eventually told her I wanted to start REI she said "That's a terrible idea the market is horrible".

It was horrible, crackheads, lazy-asses, drunks, even had one ho.

Based upon my horrible experience with WaMu, I don't believe they really want to do NOO loans anymore.

and the help line was horrible!

I'm from missouri, and as just about anywhere else in the nation, real estate is horrible at the moment.

As far as a good deal, that would be horrible in my area, but then we can get an acre for 20K.