There is absolutely nothing wrong with getting 6-7% return on your money.

My other questions are....Is it absolutely necessary to go through this so called "chain" to get to someone that actually has property available?...

Originally posted by "REI Coach":Like a poster said previously, do NOT close on a property, unless absolutely necessary... which is basically never.

I am absolutely not against owning rentals without mortgages, however unfortunately I didn't have several million dollars to buy my portfolio with.

You absolutely should figure more for repairs, something ALWAYS comes up.

The lender will absolutely look at everything.

Absolutely, my comments above were limited to the conventional approach, we can certainly get creative.

I used to be a little more lenient when I first started in this industry, but they will(99%) absolutely eat you up at any sign of weakness.

@Barshay Graves absolutely, they don't "void" it they "call it due" meaning you have to pay it off immediatelyIf you transfer the property into an LLC the lender can call the loan due. 99.9999% of loan docs will have a due on sale clause.

@Mary B. absolutely, i think ive crippled myself and we as new investors sometimes cripple ourselves by wanting to know all the ins and outs before we take action when in fact the best way to learn is to take action. agree 100%.