Yeah, I would never bet on 10% appreciation in this market.

(Try and stump everyone on this site I bet you can't) I have asked many questions some very stupid some that were good questions no one will judge you and you will always get an answer, many times from many different people with very different experiences.

I'm betting that it would be a HUGE loser as a rental, but we won't know until you post the gross rent.

So we couldn’t refinance out existing properties to release equity from them to buy more properties.Since then we came across buying properties 25-35% below market value and structuring deals with none of our own money.

Here's the thing though what a lot of people are betting on: since it did take such a hit, it will come back sooner and stronger than middle america.

Your best bet for knowing what you could get for a loan is to speak with mortgage brokers or lenders.

So far my bank has had me personally sign/guarantee everything and refinance out with the big banks.

That is why casinos give people chips instead of letting them bet with cash.

Brad - If you are investing in the Birmingham, AL area, I have a contact that is doing investment stated loans, 80% LTV for purchases or 80% of appraised value for refinances.

.* 6 months for cash out refinances.