It is a lady using a dry erase board.

Or I asked if she meant that the initial rent isn't rent capped but it will be after the tenant moves in but she wasn't sure and said all she knows that this property is not rent controlled...Can anyone tell me if this lady is right?

Here is my question, a lady I have met in person through BP is willing to give me a loan if I put 5% down but wants an 8% return for herself.  

The other lady is her long-time friend and roommate.

So, an REO can be a real gamble.

I think you would be buying for appreciation which looks good right now but is a major gamble.

I don't like gambling unless I already forced equity into the property.If you have some patience and are shopping for yourself I would avoid the MLS for deals in your area, they really aren't there anymore.

It's a gamble but most stocks are gambles since we don't the "real" story of a company.

Do you deal with having a smaller, more targetted list that you can blast more often - or do you gamble on the unknowns - or do you include lower equity people to get your list count up?

@Anson Young What happened to the lady and her surviving cats?