If I buy a two family(floor) home in NJ for $450K built in 1974,no major work need to be done , and get 15 years loan on that, with current rate(I have excellent credit history) and get rate like $1700 from each floor, property tax is around $12k/per annual.So, what ever I get in rent will go in property tax and mortgage.but I will get house in 15 years...Is it worth...I am novice in this field, will appreciate detailed reply on this.I am not buying for cash flow, my goal is long term investment return...if somebody has better option to invest other than renting please share.

Win/win as I see it .... win if they pay me off and I get my interest, win (since I do my diligence) if they don't and I get the home.I am putting together people with lazy money to go after the deals...always a good returnmy question is I hear the term 'predatory lending' .

That is an excellent story.

Win!

Excellent books for someone just starting out

Here's the info I have on it.Asking: $575,000     Down: $10,000 via seller financingLocation: Lethbridge, Alberta excellent as far as neighborhoods (close to college, downtown and hospital)Each unit has: 1100 sqft, 4 bed 2 bath, single car garage.

Steve has excellent reputation - I especially like his company because they use an electronic radon measurement device (chronograph) rather than the two hockey puck sensors. 

I personally cannot say enough about the podcasts.I hope you find this site as excellent as I do!

So really she won out and I lost even going to court and winning in the system.

Consider your worst case scenarios first, then define your standard case, anything meeting the standard or above that threshold is a win.