I had a steel security door installed.

Interestingly the government is in a full control to manage housing supply through its direct and indirect ownership in Dubai’s largest property development companies.

I convinced him that rental real estate was our way to a secure future.

You missed a BUNCH of the expenses, such as damage done by tenants in excess of the security deposit, advertising, entity maintenance, legal fees, evictions, lawsuits, office supplies, etc, etc, etc.Throughout the United States, operating expenses run 45% to 50% of the gross rents.

It seems like most banks do not lend on notes secured by land.

now what we have is a huge supply of houses on the market that realistically are overpriced and due to the lending being strict nobody could buy even if they wern't overpriced. so houses are either just sitting there or being taken off the marker, and nobody is putting homes on the market because of potential losses and the fact that it'll take years to sell.

Otherwise, they are tempted to think that they've already paid the last month's rent and that they simply don't need to pay the rent the last month.I NEVER sign the lease with a tenant or allow them to have the keys until I have gotten both the rent AND the security deposit IN FULL AND IN CASH!

Most of this can be supplied by the seller on the phone.

Why not put it into an investment that is secured by income-producing real estate, partially guaranteed and that will deliver a high level of monthly cash flow (12% starting cash-on-cash return) and deliver a 50% return in two years?

In other areas, supply and demand haw lowered the price to the levels you've seen; such as $7,000 for a house.