Downside equals some people think they are very dated from the 1970s.

Very wealthy awesome people and they really like me......SOOO i explain the situation and they see my track record and BOOM I borrow 80k @ 10% APR interest only payments for 12 months with NO EARLY PAY OFF PENALTY (bless them) and i fix up the house and get a renter in there.

I'm one of the few people admitting to anticipating a real estate crash, probably a market crash, probably a devaluation of the dollar.

while you will want to get it rented soon, be very wary of people who can move in right away-why can they move in immediately? 

Nothing beats prospecting to find deals:1) driving for dollars2) door knocking3) cold callingThe great thing about #3 is that it can be handed off to a VA once you get busy, I know I run a Real Estate Call Center.

I agree, although in my experience most often when people hear that "P" word they draw back and.... ruminate on "loosing" a % of there company, investment, cash-flow or profits. 

I think I was looking through people's comments about PMs in SW FL.

(options to buy down into the 6s but I don't see many people opting to do that). 

It seems like though they are great investments, though there are not too many people who actually dive into a private placement like this. 

It helps you have more credibility than people who might just be tire kickers.