The rent numbers are probably true, filled with people who cannot pass other landlord criterias and have no choice where they rent, but the house is probably borderline condemnable.

It'll be a personal preference choice. 

Originally posted by @Natalie Brown:@John Thedford the loan amount is $488k...100k down I suspect you may have a fake lender there.and on top of that your borrower maybe week if they cant go to a local brick and mortor lenderbut have them try these guys.Lending home limaoneVisio Peakany of these can do the deal .. now it takes a special license to legally lend in TN so do check that out.. if these companies are not licensed there then you know for sure your dealing with frauds.

Actually right now (post bubble) it's more regulated due to the borrowing restrictions.The SEC protects the public enough, while at the same time letting deal sharks, and their backers, try to make profits.Anyway, that's how I see it.Good Luck!

(Going off of the 200,000 I'll pay for the house and subtracting from the 30,000 left over) that person I borrowed the 23,000 from gets there's plus interest so about 24,000.

So, if you sold for $280,000 you have to subtract about $16,800 just in closing costs.You are not taxed on money you borrow. 

I'm sure this choice has tax implications, liability implications, maybe lending implications, and definitely implications I'm not thinking about.

Per Fannie:If the mortgage loan being delivered to Fannie Mae is secured by the borrower’s principal residence, there are no limitations on the number of other properties that the borrower will have financed.

You will identify the borrower and the interest amount just like your other loans.

I put down 20% plus closing costs on all of them.I don't know all of Brandon's deals but I believe he got some hard-money loans, borrowed money from relatives, and at least one of them involved a credit card (which he doesn't recommend).You can read "Investing In Real Estate With No (And Low) Money Down" to get an idea of some differents strategies or you can scour the blogs and forums and collect the information for free.