You'r right, a 30y term is going to require a future sale to have a much bigger discount, so it has it's drawbacks, and it can kill the deal to begin wit.

Truth is you can do a handshake contract with people with a witness and it is legal.

Real estate investments requires risk but you can manage the risk wit the proper systems in place. 

Neighborhoods just outside of Charlotte are witnessing similar appreciation % to Charlotte but achieving higher rent %.

I would hope that they don't sell the CA properties to take the cash with the step up basis - I think they've witnessed enough family members who aren't RE investors vs those are are and which ones are doing financially well. 

Lenders were giving loans solely based on FICO scores - and got burned because the score models were no where near robust enough.Coming from the mortgage industry and witnessing the carnage caused by the blind trust in credit scores, we've NEVER trusted scores.

I witnessed many a "Savvy" RE investor lose their shirts and everything else! 

i agree ,for most it is the way they spend.i have witness over the years too.sure their are some that are experiencing problems with paying their rent.but most tenants i have to help with payment plans are because the government is behind the 8 ball.for alot of them are mostly having problem getting their unemployment checks and starting the process.took one tenant 3 weeks to just get ahold of a person to activate their claim.this is what the government should be working on.but their are some that just blow you off about payment plans or workouts.them are the ones we should be allowed to evict.have 2 tenants set to receive gov help for full rent,they were just to lazy to go the appt with gov person.lucky was able to evict just intime.my vent is if gov wants to help,get nancy out the beauty salon and back to washington for housing vouchers.and the worst she blames the beauty salon owner.she only wants to open her business like most of the country.you think these gov officials would realize why people are leaving calf before its to late to save their state.

It's best to have all conversations with your tenant documented and witnessed by a third party.

The sheriff will be there so you can change the locks and they keep the peace.I've witnessed 2 such evictions and both tenants were single mothers who were crying when they got put out.