I'll keep everyone updated on how I make out, but at least I was able to find properties in the same farm area where my other properties are and on the surface it seems that my plan will work...

I think a shout out to the Wise man is in order  handling this issue in a timely fashion .

On the surface the #s look good still, unless of course there's something we haven't caught.I'm still a newbie so looking for input on what you all think.

That helps.I am also assuming that many of these regional/small banks/credit-unions may not have extensive online presence so i have to pick up the phone and do it the old fashioned way (but not 'too' old fashioned way of going there in person...as that would be very hard for me to accomplish for every potential opportunity i find).Originally posted by @Michael Le:You'll likely have better luck with a local-to-property bank as they better understand the local area and market.

Without getting into the merits of if he's actually interested in selling, the price seems to be a good deal on the surface, but I was curious if anyone had any information about the market in the Northbridge area. 

These surfaces, if they contain lead need to be abated because they're surfaces that children can access or put their mouth on. 

What will you do to be sure work requests are fixed in a timely fashion, how will you handle and process leasing activity and rental applications, how will you handle access issues at the properties, how will you do bookkeeping, etc... .

The other is compensated via 1099 in any fashion you agree upon.

Excuse me for sounding rude Steve McRory - I was asking cause I see these offerings from mortgage brokers but it also seems, on the surface, to be too good to be true.

I am in no way advocating that people need or should sell their rentals its a personal decision on my part. at one time I wanted to own 5,000 doors and had things gone a little different I might have actually got there.Now other opportunities have surfaced over the last 5 to 6 years that are more fun for me.Also my kids Grand kids have no real interest in landlording.. and I have invested in path of progress dirt in some stratic areas that will more than take care of their future schooling and other needs and if one comes in .. they will actually probably be set for life with no work on their part.. just sell to a big developer and call it a day.. those kind of deals have about ZERO interest to most on BP who are cash flow driven or think or want ONLY cash flow.. so no need to even go down that road.I do believe and have seen over the years that 75 to 80% LTV if you have to liquidate is really no equity at all.. given sales costs buyer credits home inspections that require work up dating and recapture..