It would certainly lower your risk and get you started at least with a fighting chance.

This is a great chance to learn and share information.

We have a chance to get a 4 apartment unit, in a great location, good schools, in a rapidly growing real estate market.

No chance of a short as these things are so leveraged that it would be hard to cut one out of the group.

Any leinholder after the owner that passes on their chance to redeem the property is wiped out.

brainfreeze,Chances are that the bank will never even know that you've bought the property.

My thoughts (and I am new, so who knows if this is a good idea, legal, etc.) would be to have them sign a new lease with me (and MY conditions) and at the same time extending their term giving me a good chance at a solid year of no vacancy.

In many states $50K is plenty while in CA $50K is barely enough for a down payment.I have some suggestions for leveraging the money with a local bank.

I don't have a mentor, nor a family that takes me serious hell they even think what I'm doing is a joke,and laugh even more.Their best advice is get a job/join the military nor anybody I can actually count on helping me.I don't really have a friend my age,that actually has the same entrepreneur spirit as me.Basically they all have same mind set getting a job,partying,getting drunk,not giving a damn about their future in 20 years, killing time like it has no value to them.Learning from all my business failures is that I dont carrying it out in the end,I usually give up when it get's tough.After reading "Rich dad& Poor dad" reminded me what I'm fighting for,just gave me more motivation.Just everyday get's more hopeless,and more negative thoughts battling positive thoughts.What frustrastes/angers me to the core more than anything, is my greatest talent is creativity,I come up with several business ideas that can make me a fortune,but can't do anything about it,and watch such great ideas go to waste.It's like watching your house you built with your bare hands,broke your back building it being burned down to the ground.Also when something so simple to achieve,but yet I only have myself to blame because I am the one who makes it difficult I guess.I keep telling myself,the harder the struggle,the greater the pay off.I keep asking myself what the hell am I doing wrong,but the answers just don't appear.I just want to know what all those millionaire investors will do when they go back to sqaure one and only have 5k to invest in,I ask myself what will they do.What will you do?

The state just resurfaced the 127 corridor through New Miami.Middletown's got some life since the AK Steel guys are back on contract, but a bunch of them are hanging on by a bare thread financially.