Fact of the matter is you WILL have $500k after 5 yrs of investing with a dayjob and a good bank relationship...so beware of blowing you load on one massive, high value, high interest, 5 yr balloon purchase...I buy where it makes "cents", not where I can show off the building)Just because this guy will sell to you doesn't mean that it's a good deal...still the cash flow looks pretty basic on the first glance.If you are putting down $30k that should answer the bank question pretty well...it's all individual...I buy my houses in Toledo on a line of credit (so I can buy 15 foreclosed $20k houses and there aren't any appraisals or bank discussions required...I could buy a boat or cruise with the money if I was stupid enough to choose to do that).

Rather than charge massive interest rates we have them sign an agreement that they will follow the plan or voluntarily vacate.

If it's good enough to be Warren Buffet's #1 Rule, it's good enough for me.

But it was Barry Minkow (ex-felon gone straight, pastor, PI) with the Fraud Institute that picked up this fraud and fast-tracked a report to the SEC because he pegged it as a case of fraud that was going to hurt/ruin people on a massive scale if it wasn't stopped immediately.

Is it possible to make a living off lien certificates without a massive starting fund (tens of thousands rather than hundreds of thousands)?

Now a days internet became a massive part of every business.

Hmm, warren buffet is betting on real estate agents, not zillow.  

Those people massively in debt to "own" $150,000 plus per unit older apartments in southern California, with massive new supply coming, are gambling.Many who call themselves owners are really just bank employees without the protections of being an employee.

I'll channel Warren Buffet here to make my point more succinctly:"Never count on a good sale.

I get the urge to curb massive takeovers of whole buildings.