That assumes that you are actually going to rent the house and keep it in respectable shape (*cough* unlike the out of towners *cough*)

Possible reasons why the BP stopped responding is frustration with the borrower, change of circumstances, a lender who is actually a broker, found a better, more profitable client to work with, etc.I can't count the number of times borrowers waste time then disappear, without any consideration or respect of the lender or broker.

So it's definitely outdated - but would you call a business owner who doesn't adapt his business to changing environments lazy?

Flippers who do not respect that standard of practice, often get cut off from the services of the good agents pretty quickly as their name gets around the area.  

I am a real estate investor based in Allentown, PA.I am looking to extend my network and knowledge base with respect to property management, financing, and acquisitions.Over the past five years, I have bought, rehabbed, financed, and leases 24 single-family homes in Allentown but I am always looking to learn and give advice to those who seek it.Thanks!

I welcome your thoughts and stories related to this, I think it warrants a good discussion.Very Respectfully,Tom

For the banks I previously mentioned, the LTVs they loan at on rental properties are 60% and 65% respectively. 

Not only you can reduce your tax liability now, but you can also use your retirement account to invest into assets that you understand and can control in a tax-deferred or tax-free environment (if you utilize Roth). 

Hey Bigger Pockets family, my name's Chuck, I have often come to you with questions and/or advice, and I have never been disappointed.What I'd like to ask is about buying rental properties......I have the opportunity to buy 3 homes (in pittsburgh; Beechview & Knoxville to be exact)......All of the properties are currently being rented out at $750, $1200 & $1350 a month respectively. 

I respectfully disagree with @Mel Griffin.