Matt, need to drop down out of the quote for your comments, hard to find what you were asking as it looks like my post. :)Not really creative, piling loans on.

New roofs, paint, carpet, counters, cabinets, etcRent: $40,800 yearly ($3400/month)Expenses and Vacancy: $20,000 (using information from seller)Mortgage Payment: $9,224Pretax Cash Flow: $11,576Cash ROI: 16%Cash/Door/Month: $188Any comments would be appreciated!

I don't know how long this is going to last, but at least I'm more informed about this topic as a result of your comments and my research over the last couple of days.

If you read the comments below there are some pretty good questions about viability and the comment Phillip made is spot on.

As for Steven J. comment about ARV, that has nothing to do with new construction.

Dear Bigger Pockets commenters:I have just been alerted that someone has hacked our network and sent some unauthorized comments to you about us.

As mentioned in other comments, there are other types of trusts which are commonly used by lenders which m

My idea is to utilize this to find listings that were leased for 12 months, at a specific price point, and specific area, and then utilize direct mail marketing to hit them up 4-6 months before their lease ends.The idea being to hit them up right around the time their trying to decide whether to lease again or buy.Thoughts, comments, questions, critiques, or frying pan upside the head.....

@Jon HoldmanI second your comments Jon.

Thanks for the comments Bill and Wayne.