The bank lends to me because I’m employed full time and I don’t rely on my rental income.

IE you do the work and IF You succeed I will pay you a bird dog fee.. this is a full blown employment position with salary and full benefits and salary is 6 figures.. of course to land the position someone is going to have to have some experience.. but I figure a good agent or broker who is looking for a nice paycheck would apply.. training would be specialized to what I want to accomplish and off we go..

Hey all,Thanks to @Ryan E. for getting us back on track and @Llewelyn A for sharing detailed info.Thinking a bit more on this overnight I guess I'm really asking:What specific structures can adopt or tactics that you can employ to increase resilience to bankruptcy in a downturn?

It sounds like a great deal IF...IF the comps are correctIF the rehab numbers are correctIF the property isn't condemnedIF there are not title problemsIF it's a legal duplexIF a triple murder didn't occur recently in the houseIF the city isn't seizing the house as a drughouseIF the largest employer in town isn't getting ready to close their doorsIF the house isn't located next to the city dumpIF the house isn't in the middle of ganglandIf there aren't a million other distressed houses in the area for half the priceI would not buy a property sight unseen.

@Devin Cronin, contrary to what others may say, secure W2 employment before you start investing.

. … The real danger comes from encouraging or inadvertently tolerating rising inflation.”The classic monetary theorist Irving Fisher had warned, “Irredeemable paper money has almost invariably proved a curse to the country employing it.”

Realize, talking to some clerk at a PHA, you may well be speaking to a tenant in that PHA, employment preferences, so they may be speaking out of the PHA but they don't speak for the PHA, the only thing that counts are written replies by proper authority, usually the executive director or department head as authorized by the board of commissioners. :) 

He got too old to work so hard so he is now a supervisor for a larger employer.

There are several other red flags that you mention in your podcast (weekly rentals, in the county but close to good employers).

The Fed cited its dual mandate of achieving maximum employment and price stabilization as supporting its decision to raise rates, but stated that actual decisions to raise the federal funds rate are based on close readings and information about global and domestic economic developments; future decisions could be impacted by emerging economic factors.