@Bob Smith if you spend $650k on a nicer house with a pool in Scottsdale and gross $100k, you are going to bring very little to the bottom line after property management, mortgage, str insurance, landscaping and pool service, upkeep and maintenance on a nicer home with a pool and grounds, capex, furnishing replacement, etc. 

Links to all of BP's official social media profiles are at the bottom right corner of the webiste.

They will not lend to 100% so yes 25% equity at the top of the stack, 20% mezz debt in the middle, senior debt 55%at the bottom.

I wouldn't ever go bottom-market, since you're talking about cheap properties.

However, he will be the exception; 99% of the people paying for a mentoring system will no longer be active in real estate investment within 5 years and most will have earned limited return on there investment.I guess the bottom line is that there are few shortcuts, and those that exist don’t cut the time or money commitment significantly.

I've gotten tired of of typing the same thing over and over, so I wrote about my SEC 8 realities in a blog that you can find by clicking on my profile, then looking at the bottom right.

Originally posted by @Sean OToole:@Michael Pilolla Bottom line, if you value your time at all, you'll end up using a paid service.

Bottom line up front:I'm starting out and wearing 90% of the 'hats" in my company and I know I need to narrow down my strengths and weaknesses.

IF you want to have them sign YOUR lease with more explicit details about how the property is to be maintained, I would still do it as a M2M....gives YOU way more flexibility ....DO NOT sign them up for another year If you do that, its WAY harder to evict them early for noncompliance of terms of the lease.People can be slobs...... bottom lime to me is if their lifestyle is damaging my property, then they are out...... if its just clutter etc and there is no real damage, then ok.....

Markets don't go top to bottom overnight.