Just get a regular mortgage if you can at a low rate.

They are putting their money on the line.I suspect that most lawyers who handle closings depend on what the title company produces when they review the files before scheduling a closing.John Corey

When you talk about No Doc/Full Doc commercial mortgages, I was under the impression that commercial lenders will look at the property alone to determine whether the income it produces will cover the debt service by >120% and that my own personal income is irrelevant.

To me, this equates to very low risk for RE investments, as I could always cover mortgage payments of vacancies as necessary.My long term goal is to accrue properties that produce enough passive and active income that I can do RE full time and/or only do technology work only because I want to.

I will give you my friends info who is the top producer and the founder of short sales.

From what little I know (and that is ALL I know in this area), I can't imagine how a place will cash flow given the numbers you supplied even with a large downpayment or do better than a regular MMF.

So, I guess I am gambling on turning them over and not the income they produce (or fail to produce).

My areas of interest are income producing properties, SFR and Multi-Unit, as well as land Development and Commercial Properties including Office Buildings, and Retail Strip Malls.For the past few months now I have been looking for a Mentor who can teach me the ways of true investing.

This scenario is entirely real and these situations do happen with regularity.

"I buy properties regularly" I wish I would have put that on my business card instead of Real Estate Investor.