Details are:Cottage style house built in 1960s Updated hardwood, flooring, kitchen cabinets, Windows, HVAC, and plumbing Price is $84,000If I saved the capital I could secure a loan at 20% down to finance $67,200 at an APR of 3.203% At this point I'm not sure what else would be needed to know or do.

And you must disclose this as a key risk disclosure in your offering documents: "Sponsor may be unable to obtain suitable new financing at any point in the future, so a lump-sum return of investor's initial capital may not be possible until the property is sold."

I've come to grips with the fact that the little old lady who has done my taxes all my life is no longer suitable for my business/rentals, etc.

@Ian Hoover Hi Ian, I would make sure to look for methods, procedures, and management style that will match up with you're investing sentiment.

I didn't buy for the first 4 years because I didn't want the responsibility of caring for the house after I left the area (I knew I didn't want to stay in the area long-term), then when I saved up to move to the Boston area (without a job lined up), I spent a year figuring out the most ideal place for me to live (get a job, then determine if I liked my job enough to want to keep it, then ideal commute, neighborhood, where I mostly hung out, car-less life, house-hack-able).Then I got extremely lucky and found a place in 2 months when I did start looking for somewhere, but most of my friends in the area spent over a year finding suitable places.

Failure to complete the application completely should be grounds for declining this applicant.Mom knows he'd never be accepted as a suitable tenant.I have recently had applicants who have done this (failed to complete the part of our application that asks "have you ever been evicted?").  

1) Life style of choice.2) Income to the grave.

He says I may have to adversely possess property under color of title for 7 years.This is my first in rem sale but have purchased many mortgage style foreclosures and have never had a problem getting title insurance.  

For those not familiar to Value Investment, it is the kind of investment style that Warren Buffet does where you analyze balance sheets, annual reports, dividends and stock price to figure out intrinsic value of a company in order to find a stock that is undervalued and can potentially grow over time (you can expect around 10% returns). 

This property is a ranch style home and has a little over 3600 sqft).