So on paper, sure, you'll get there maybe in 8-10 years but reality will hit.

.), on paper my properties are functioning at a loss (great for taxes, terrible for DTI). 

Building relationships and rapport during property tours can also result in unforeseen rewards, such as sellers leaving equity in the transaction because of the trust and connection formed.Remember, every property tour is an opportunity to collect information that is not available on paper.

Did they progress through the lending/collection ranks to hone their crafts, or are they glorified stock brokers that have simply bought and sold paper without really knowing the nuts and bolts of the collection/foreclosure process.

When you run the numbers, there could be a scenario, on paper, where this makes sense cash flow wise, because of the interest only nature of the HELOC you have.

@Jeffrey RichardIn many of these areas while it appears on paper these assets will provide cash flow there is the possibility they do not due to the type of tenants are typically lower quality and have payment issues, properties need more maintenance and upkeep etc

As everyone else already said - give them their walking papers.

That's the kicker with class D - looks good on paper, doesn't pan out that way in real life True that.Paper returns are always different to real life returns.We also never calculate our time and risk as they aren't tangible estimates.D class comes with a lot of time and risk associated with it.And PM needs to be really rough in order to make it work.

That way you have a pretty solid paper trail if you ever get audited.

No cash flow real estate investing can be frustrating to newbies... you are doing all the work, and not seeing any 'pay' for the effort except on paper where you property is worth more.