Yes.The banks are just uncomfortable being on the other side of the equation and dont like seeing someone else make the profit they usually get.

This should be a simple equation that even the most uneducated and unintelligent individual could understand.

The equation I use for SFH rentals right now is: Rent x 50 - repairs, or 20%ROI.  

On the wholetail side of the equation I guess I want to see how people finance the deal if you can't get a Subject to contract in place.

So, while I agree, right now you probably wish you had $$ in your bank, at least you have some equity, which equates to security when the market shifts.  

I calculated that because it was in the article I read (and I wanted to put the equation/factors into practice for ROI to make sure I understood it.)

Jobs are scarce for them and the area is notorious for not being accepting of new people which pretty much equates to minimal growth of the area; many of the homes are falling apart but the people do not have the money or motivation to maintain.

I've read that $100 a door is considered a good deal but not sure what all needs to be included in the equation. 

Say you put that 10k in and made 7% per year for 5 years and compounded it each year that equate to a 7% IRR for those 5 years precluded that your 10k was returned to you at the end of the period.

(you can do without out, but the time and effort you spend will equate to the same) -----------------------------------So far... this is all before you even take on ONE client and as you can see I'm way undervaluing the amount of $$$, time and effort spent to get the above all ironed out and jiving smoothly.