It might not be a scam - in CA there are very low rates on PM.My friend has a rental condo for $1850/mo and her PM fees are $76 flat.

A fellow BP member / friend challenged me on this and threw out the idea of keeping the house as a long term rental and then using the cash flow to pay the payments on a newer vehicle.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp The second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I think Tennessee is comparatively landlord friendly though.  

Hello Friends!

Mind you, I am located in a tenant friendly city which is DC.

John approached me by telling me all of this, and that he also had talked to another friend of his who had told John that he knows a realtor who can do it for $2000 as well.

My friend lost about 5 k. plus moving again.I have also run into problems with liens that the owners didn't know about.

Friend, acquaintance, recommended by a friend...NOPE!

So, I worked with some real estate agents to find distressed properties, found some cash buyers but still got no where, more so because the agents I worked with that claimed to be investor friendly knew nothing about wholesaling .