The second income part isnt so tough as I work as an illustrator, so my time is flexible, and residuals from books can help keep me funded, even when I am not working.

So they're motivated in a couple ways and totally realistic about their situation.If you did a lease option, you could come to them and illustrate the idea of partnering and say "Hey, I'll give you the max amount that you could probably get out of this place and you don't have to bother with anything, I'll handle all the difficult parts.

The example in this thread which illustrates the structure and frame of mind by which they investor entered into the investment seem to imply the investment was in fact a security.  

That's why I believe this apartment cycle will have an extended peak similar to the illustration above or How I Learned to Stop Worrying and Love The Bomb Low Cap Rates.

First off this is purely an example and all of the numbers I use are just for illustrative purposes. 

Disclosure:This above is for information and illustrative purposes only and is not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.

The $500k appreciation above was just for illustrating purposes.  

NO ONE.To suggest otherwise is either an illustration of self serving motivations or incompetence. 

Both these data sets are downloadable (as .xls files) from Zillow research.Again this illustrates another advantage the cash-flow crowd has over the "real wealth"  appreciation proponents. 

It does illustrate how important it is to pick the type of relationship and lender you want to deal with (and perhaps leave the judgment at home).