If you are looking to be financially free and live off the investments forever; look for syndicators that plan on doing “legacy plays” where they rehab the property, refinance and hold onto the property for life.

Still can't be touched, being a college kid and getting a 3.75+ is the easiest thing you will ever do in your entire adult life, period.

(real case)But I'll take any day someone who filed bankruptcy for medical bills - people not going to die because they were not able to pay $100K for a surgery.That's why I meet every tenant and talk to them about everything: job, family, dogs, weather.....lolI want to get their character and life in general.I almost took application from a woman - she was nice and sweet and her income was sufficient with no evictions etc.

I typically input 8% in the financial calculators before I purchase a property but some are better than others in real life....

(To avoid PMI the entire life of the loan.)

@Shawn Dawson define what you want from life.

If you do receive a commercial/portfolio style loan the rate and term will be very different. 

This is a tough business by itself to add heated debates with the owners - Tenants will squeeze life out of you, especially in such low income area. 

But life happens. 

I've done a fair amount of research, but real-life experience tends to trump academic knowledge.