I have what I think to be a fairly solid plan on what I would like to do.

We have a page that should be useful:http://www.biggerpockets.com/fair-market-rents.html

It seems like a fairly good deal to me or is it just the big down payment?

But I am fairly certain that if you buy a house where you can pay 50% of the rent in expenses, and then pay your P&I payment (note that the taxes and insurance often included in the payment are actually expenses), and then have money left over you're likely to do OK in the rental business.My take on the long term picture is that over time rents and expenses are going to go up.

Galvanized is fairly sure to have problems.

The main advantages of this practice are that you can communicate with larger numbers of people simultaneously, and much of the work can be automated by designing a web page with a sign-up link and an auto responder.

Hi thanks again for your kind words, I'm fairly new to real estate investing, but I have been spending many hours reading, going to seminars and really trying to immerse myself in the business and meeting a lot of amazing people.

Typically, to cashflow a property well, your loan to value ratio can't exceed 80%.Since you are looking for answers and maybe someone guidence, I would suggest checking out hud.gov to see what the fair market rents are for section 8 housing.

You're left with a property a long ways off that you can't rent for anything near what they claimed and can't sell for anything near what you owe.Don't, don't, don't pay anyone anything until you go there and check it out carefully and in person.In the interest of fairness, I had a look at their preso.

Estimated fair market rent = $1200/mo.