$50k / $1300 = 38 months to pay off your loan ... and you get to keep the asset.So many people are financially short-sighted and want immediate gratification, which is why so many Americans live paycheck-to-paycheck.

I am talking to a lawyer to outline our plan tomorrow so we execute legally, but there doesn't seem to be any information available explaining how people are pulling this off.

They transact quietly.3) Similar to above, I know of a few people that have been asked directly by their lender if they have interest in taking over a nearby property for just the loan amount.

Then I call a couple more people and get a couple more no answers or not interested and then I get a hold of this lady who right off the bat was very polite very sweet and we hit it off right away.

Or is it more due to the stereotypes around people on Section 8/the other tenants are paying a considerably lower amount every month?

Multifamily properties are definitely hard to come by that make sense as a deal.

(with conservative assumptions on annual appreciation - 2%, and annual rent increase - 1%, as well as 5% vacancy/maintenance).I see so many people say they only go for properties with at least 15% cash on cash returns, which seems extremely difficult in this market

Welcome to BiggerPockets communityIt is filled with resources and a plethora of knowledgeI wish you all the best in your real estate journey.Nextdoor.com is a good place for local people recommending local people.

Welcome to BiggerPockets communityIt is filled with resources and a plethora of knowledgeI wish you all the best in your real estate journey.Nextdoor.com is a good place for local people recommending local people.

Working around people isn't a big deal; most addition and major systems work happens with people still living there.