So, at 8% you're already being compensated for the increased risk of the smaller down payment and this is the method of managing loan risk.

Soft costs include time and stress and risk.Some tenants stay because they have a fantastic landlord and some move because of a landlord who's less than desirable.

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We are from CA- first Northern, then OC, and have been living and investing in Utah the past couple of years- it's truly fantastic, for a number of reasons!

Our lease was tested in court once of twice.It is an old Carollton Sheets method and if works really well.....

See my reply in this other thread, very similar to what you are trying to do.http://www.biggerpockets.com/forums/52/topics/77245-best-method-of-renewing-leases

Hope everyone is having a fantastic Monday!

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Seems like both those markets offer fantastic cash flow, why not look there?

Hope this helps, Keanne Not sure if I like this method... takes 149 months over 12 years to start seeing your income.