Making Lonnie the poster child for predatory lending is like making Ellen DeGeneres the spokesperson for Weight Watchers.I am new to Bigger Pockets, but I'm not new to RE investing.

I almost bid, but decide to wait for another reduction, since there were no bids. 

You don't *need* that data to make a decision but newer investors on BP seem to put a lot of weight in 8% vs. 10% cash-on-cash returns.  

Which in 2017, I reckon means: putting heavy weighting on not being out of pocket for your investments on a month to month basis.

Then you are entitled to these discounts in Panama:Here is a summary of the benefits of the Panama retirement visa:One time Duty tax exemption for household goods up to a total of $10,000.Duty exemption for importing a new car every two years.50% off entertainment anywhere in the country (movies, concerts, sports)30% off bus, boat, and train fares25% off airline tickets ( originating in Panama - going anywhere)50% off hotel stays from Monday through Thursday30% off hotel stays from Friday through Sunday25% off at restaurants15% off at fast-food restaurants15% off hospital bills (if no insurance applies)10% off prescription medicines20% off medical consultations15% off dental and eye exams20% off professional and technical services50% reduction in closing costs for home loans25% discounts on utility bills15% off loans made in your name1% less on home mortgages for homes used for personal residenceA one-time exemption of duties (taxes) on the importation of household goods up to US$10,000 in total value.100% duty exemption on the importation or purchase of an automobile every 2 years.

He suspended the cost reduction in MIP that the HUD put forward a few weeks ago.

Get enough cash flow to cover mortgage, average expected capital expenditures (which should be less with an excellent turnkey provider who does the rehab), and average tenant turnover with its associated expenses (which again should on average be less with a turnkey operator who does excellent tenant screening in an area where tenants tend to stay put (better schools etc).In the long run, this seems to be my key to maintaining the income I am earning without a 40% reduction by the government and build equity wealth which can be converted to greater cash flow when I decide to stop working 24 hours a day and enjoy my children without dragging them to every locums assignment and telling them to stay out of the camera when dealing with a telestroke.As you may know from my previous posts and this forum, I have looked into Memphis Invest based on forum members' recommendations and think they have the philosophy and the reputation based on feedback that meets my needs.

A few things to keep in mind in addition to reducing your monthly output is that you'll have a nice tax write off, and you'll be gaining equity through principal reduction and long term appreciation.

In South Carolina, where I buy, you can get an automatic 25% reduction on your assessed value if you ask for it.  

(spending $10k in interest that nets you a $3500 tax reduction is the crummiest investment around) Send me $10k and I'll send you back $3500 anytime!