I think this was promoted on one of the podcasts:http://www.amazon.com/Care-Feeding-Tenants-Andy-Kane/dp/0873642406

Live cheap, save as much of your income as you can, and either work for promotions or look for jobs that pay better and you can get there faster than you might expect.

Many promoters approach investors individually instead of collectively.

Usually attempting to deprive the potential purchaser of proper due diligence, most of the time since the brokers promoting the program have no experience in these matters.

They are a neighborhood revitalization organization that promotes all things Uptown.

First --not sure why only three applications --Rent seems low for California or may be reasonable- If in a good neighrborhood- sould have more than three apllications --need more marketing -- If there is no choice-I like first -have three months rent as deposit - have mom sign the lease and sublease to daughter -or offer lease option -with option money and extra rent --give credit - two for one -towards down -- entice them to buy your house in 24 months --have good tenant - owner, take care of proeprty and make profit at closing in two years.

That's one of the reasons medical office space is so enticing!

Politicians use it to promote themselves so why can't investors use it as well?

What could you possibly offer the seller to entice him to assume the risk?

As a matter of fact, I made an offer for a condo in Harlem just a few weeks ago, enticed by the fact that there will be a new wholefoods at the corner of 125th street and Lenox, but decided to walk away from it because I already own a few high end properties and after reading this board I think I should diversify and give the low end properties a try.