I think you gotta lay off whatever you’re smoking.

With this deal, I am looking for an investor to close on the house, supply money for the remodel and just take his or her percentages at the end.

Appreciation is due to demand outstripping supply.

That is, if you trust them not to light something else on fire or set off the smoke detectors.

If others are supplying all of the money what are you bringing to the deal?

Speak to a mortgage broker, if you supply 1 year worth of income, there should be lenders that will consider it.In the UK when buying a property to rent out, the mortgage is different, it is a "buy to let" mortgage.

@Josh Feldman As usual the answer is...depend on your goals...if you want to leave your job or need extra income then you should go on cash-flow...otherwise you have more options of balancing the two...I am in a market in PA which have both and recently price just appreciated so much (=less cash flow)...making me get on the car and drive to Binghamton on a recent free weekend...I liked what I saw when I got there but unless you like driving...It is quite far from Long Island...I personally find my PA 2.5 hour drive quite tiring and wonder every drive back if there is a better option closer to NYC...that said I am still open minded about Binghamton and started to follow it more closely...did stumble on an article about over supply in the student housing there just after my return but my guess this is true in many student housing markets under the current economic conditions.Couple of thoughts about Student Housing from a distance (after a year in):1.

You can ask to have their physician fill out your own form, this sometimes helps smoke out the people who are taking advantage of the system.

I personally don’t even go in the house but I send one of my guys in to check everything out then I offer pennies on the dollar, sign a purchase agreement, give them a box of contractor bags and the smoke cans for fleas along with sticking a lockbox on the door.

And def keep them unless you need the cash for a smoking deal.