The saying "If something seems too good to be true it usually is" has always come true to me. 

Very true, that's one of the biggest things I've been thinking about too.What if, once I moved, I could rent the house for $1,200-1,400/month or so.

It is OK that they don't know the true secret to wealth generation.   

The same is true for the economy, we are growing but compared to similar cities we are falling behind (if you don’t read the Chung Report, I’d start subscribing to it).   

Is this true?

While it is true we all felt awesome and really smart for buying assets at 40-50% of their intrinsic market value, it is unrealistic to plan for another time like this.

Hey Trevor,If the numbers hold true (which I think you have valid reason to think so) the deal looks good.

Hi @Mike Cangi,How are you and welcome to BP.If I am reading correctly, you are seeking a bank and appraiser in the back end of a cycle of the current real estate market to take a complete income approach and not look at the market approach on a true 4 Unit Multi Family in the  Philadelphia Market.

@Ned Carey Very true.

Thanks Tyler, at this point I have more time then money, the company that wants to school us, wants us to use credit cards to pay them and buy a property.