If a person in middle management capital markets has to make a choice between selling the mortgage into an MBS pool that will yield better 30YF rates or better 15YF rates, 30YF would be the choice most make.Also FYI there is no direct link between the federal funds rate (interbank and overnight) and mortgage rates (consumer and long term).

In many cases these investments will consume more in required capex, than they will produce in cash flow.

By the time I finished the 9th and final chapter of this book I found that I had learned a great deal in regards to real estate investing as well as gained a newfound respect on how much I just do not know, but also a consuming hunger to learn and as the book says "get off my butt, find my most important next step, and make it happen."

Waiting on your attorney for guidance Potential outcome: Attorney suggests to discuss with seller to reduce price (go to option 1)Your choice is clear, move on OR buy the house and forever leave with the pain of paying for a house that is smaller than you thought.So Sadie - what you going to do?

Literally consuming all knowledge that you possibly can.

That can be a HUGE expense and very time consuming.

The discussion of asset vs liability will go on forever because there are too many variables in every person's opinion.

@Martin SterlingI second @Greg Dickerson, cold calling while one of the more challenging and time consuming tasks is the best way to source best deals.

Is that 12% going to be renting forever or do rental units frequently get sold and become owner occupied?

Residential real estate that doesn't consume more than 1/3 of the median household income in well-located cities with diverse economies and generally temperate climates will always be in demand.