We don't sell investors on empty promises... we don't like to fish.. or whatever your implying with baiting.  

It's a bank set up by bankers for bankers.The Meeting at Jekyll Islandhttps://www.federalreservehist...And a rational public wouldn't allow "fractional reserve banking".We've only gotten away with it since oil was pegged to the dollar.That's the simple part.

Hello, I'm a 22 year old contractor and I've been researching different ways to acquire properties in my state of Massachusetts due to the competitiveness at all the foreclosure auctions I attend, there are a lot of "bigger fish" that have more funds to spend then I can/the bank bids them up.

Thinking you need to start with 20 units isn't a BAD thing, per se, but you'll probably miss many simpler opportunites while you are thinking about this big fish. 

Super high debt, super low savings, a terrible oil price, and some massive sector-specific layoffs.

This is a cycle of time I can only call "Love for the Snake Oil Salesman". 

For example, I was looking at a 6 unit last week that has oil heat (included in the rent).

Used to spend some time at Lake San Antonio not too far away (remember going into Lockwood in search of 2 stroke oil one time)I think you are on the right path with the snowball effect (my wife and I used that same method to pay down and off our debt) As far as investing out of state I would highly encourage you to do your research on the area and try and find someone more familiar with the market and the nuances of the market to help you in the beginning. 

Ever try to fish wires in a "plank house"?

I also supply cooking oil, tea and coffee.