Of course. Exactly what you said is correct!
You best bet is to find something that you can get a reasonable cost (if that exists in your markets) and then have someone else pay the mortgage. Meanwhile you do get the appreciation benefits.
If you have some money, and you have sales model, and you have a renter it makes all the sense in the world.
Most of all, you have to have the #$*&@ to actually do it. It is scary.
The investor I was referring to owns approximately 50 properties in Maryland, Virginia and Deleware respectively and he seems to have a great model.
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