Unfortunately, it says right on their fact sheet that Maryland standard does not meet the Federal requirements, so not sure how safe you'd actually be relying on it.

In most cases you will still have to put some cash on the table and not just rely on the equity of the owned property.

It will be much easier for you to manage if you are nearby and you are able to rely less on other people (many of which are looking to take advantage of someone who does not know exactly what they are doing).2)There are a lot of mixed feelings on wholesaling on BP but I would like to clear up one misconception.

Why a mortgaged home purchase is considered any different than buying stock on margin is beyond me.I'd love to be enlightened though.And on another note, are our high schools and colleges failing THIS miserably in educating young adults about basic economics?

Try the adult education evening classes many high schools now offer.

If I compare it to Australia, where I get app. 4-5% rental return and hope to get 10% cap gain (maybe, if things go downhill and I'm very, very lucky)- ill take the 15% in the bank any day - not relying on capital gain means, for me, freedom from a lot of the economic speculating (gambling) and uncertainty.

Animals tear things up.Renting CriteriaTo be considered for approval, all adults must fully complete a rental application.

I too would address security deposits as there is more wear and risks involved with three adults, something extra.These arrangements rarely last, kids trying to save money and I'd help to an extent, just realize they will probably have blow ups, get mad at each other and someone or all will move out in the night.

Tim, it is very tough if you are relying on MLS in a hot market.

I look at Metrolist data, and rely heavily on commercial/multi family data from the major commercial brokerages, just because there are teams of people working on this data.