I understand there are risks involved and being a landlord is a full time job; but what I wanted to know is if it's as bad as naysayers say it is.My dad thinks I should do it and said he wishes he did that when he was young.

Once you move past the owner occupied I would say is when the game changes and you will be looking for a bank that will lend more on the property and risks involved beings it will be a true investment from the banks perspective. 

What I've found is that not all lenders understand or are accepting of the actual cash value policy, although it covers their risk exposure completely.

You certainly can avoid these expenses by just paying the seller directly and having the seller sign a "Quit Claim" deed but you run the risk of incurring any liens or other encumbrances on the property. 

I would imagine it has something to do with having second place if the loan defaults, and the greater risk associated with that type of loan.

Partnerships can be awesome cause they allow you to do bigger projects and more projects but keep in mind that while you might get 50% of the massive profits your also carrying 50% of the risk and debt that it takes to go after the bigger payouts.

Just trying to determine if long term, even though the tenants may pose a larger risk, in the end result with a higher return.

We know and trust the family and have no concern about getting paid, but we know there are risks and would foreclose if necessary.

@Ricardo CristobalHi Ricardo, It depends on your risk tolerance and your ability to manage from afar.

I have been contacted by a few wholesalers but skeptical of jumping on the deals because I do not want to put all my money at risk.