Then when I move out I'll have 3 units to rent. that's actually not a bad idea wow

I hate the idea of paying rent but it could keep me out of a bad decision.

I know which parts are better than others there and it’s not in a bad part of town. the houses in that area run about that much.

What are rents, price per sq. ft. for certain areas, good streets, bad streets, etc.

When rubber meets the road, these low-cost/low-rent properties only make sense if you're turning and burning them, or are adding them to an existing portfolio where you have sufficient reserves already.I've got a property I am looking at that rents @ ~1750 for 2 units, so taking 10% for CAPEX -- which is an estimate on my part, good, bad, or indifferent -- sets aside $2,100 per year just for CAPEX.

It seems like a lot of RE layman that have cash laying around just go out and buy some rentals and realize how badly they suck.Has anyone had any experience marketing to people that may not actually be RE investors or hard money lenders but just regular people looking for a decent return compared to what they are investing in now.

I hope there’s no one working who’d be dumb enough to bad mouth their boss on a blog, but you never know.

I would think that if this credit card company mistake is all it takes for a bank to consider me a bad risk, then the banks haven't learned anything about making risky loans.

That is a BAD deal for an investor.

Not bad if you can negotiate those terms.