Or maybe it was a little old lady swindled by an unscrupulous wholesaler.

Meanwhile you can buy some 8 unit in cali and "only" lose $1000 a month while crossing your fingers that it'll go up in value and you can sell to the next guy who's willing to "only" lose $2000.No thanks. 

If someone wants $500k of your money and isn't interested in ensuring that you are 100% understanding of with what they'll do with it (again, not fingering anyone, just saying), find someone else to invest with.

Keep your finger on the pulse and get ready to jump when the time is right! 

There was the BP example recently where the young lady wisely had the rental paid off in 3 years.

I got a lady who came to look at the apartment.

@Devin Monroe You have artfully put your finger on something than many investors do not want to admit to themselves: buying low value SFR's that do not appreciate, are not located in high growth areas and that come with high maintenance bills is more often than not a poor investment strategy, as cap ex or management eats up virtually all or all of the value that can de derived from ownership.   

If you are all hands off and want to just generate cash flow with ever placing a finger on the asset, tampa - st. louis - Columbus - greensborough - all hot.

This is kinda like the lady a while back that wanted her tenants to submit to a lie-detector test....

My plan is also to ask the seller to finance a 2-1 loan buydown with the intention to refinance in two years if rates have lowered and the property has appreciated to the point where I can get rid of the PMI (fingers crossed).