All people need to eat and most people need to go to the grocery store at least one time per week.

Here is the link to the properties Turns out there are 4 bldgs They have “net leases” 5 yrs and 10 years, etcWaiting for listing agent to eat back to me.So is loopnet not so good when it comes to looking for deals like this?

Although the rentals were good in the beginning in terms of cash flow, we have soon realized that tenants eat up into cash flows with constant issues.As an alternative to this we have heard that we could owner finance these homes and still make some money without the headaches of maintenance.

.$350K pre tax, $220K take home...Purchase of $2M house, $500K down, $1.5M in mortgate, or $10K per month in PITI....So $120K goes into the house, leaving $100K for eveyrthing else...Now from $100K$40K in child care (because both parents are working)$60K left, or $5K per month...From $5K per month$1000 in utility /cable/iphone$1500 in food include eat out$1500 in cloth, hair, make up, all girly stuff$1000 in 2 cars, assuming you are driving ****** cars..Which leave you with $0 to cover everything from toilet paper to college fund to retirement.....Now, this is a fairly successful double income family, buying a middle class house in sunnyvale, after $500K down...

At least a hypothetical family-owned construction business could eat their margin on the rehab costs to get a (hopefully) valuable property post-rehab. 

I wasn't on food stamps or eating government cheese, so I thought I had made a good life for myself!

But yes, higher interest.. which is why i was hoping with my W2 i could eat away at the principle until it makes sense.. probably not feasible though... and thanks.  

If they want to eat, have electricity and hot water, they have to get off their butt and earn it.

Default rates on consumer real estate would be frowned upon by regulators...for the exact reason you stated...jacking up the rate so that interest eats up equity.

Tenants can eat up your cash flow very quickly out of spite.