Supplies are limited and you MUST RESPOND NOW!!!!

Nathan, I would be cautious about buying 1bd. rental units, limited to singles and couples without children, difficult to keep rented in my market.

Question there is most of the distressed properties are they not over mortgaged from all the refi's in past years and the average loss of value of approx 20-40%.So the question is what is the answer..

If the current tenant damaged the carpet, then I would definitely subtract it from his deposit and that would certainly not be limited to a cleaning fee.Mike

When you have four rentals, it is possible that through bad luck, they could all go vacant at the same time, which could result in significant losses that could break many new investors in a short period of time.

You don't have any down payment on a refi, but you are limited to a specific LTV (loan to value.)

You don't say what your balance on the current loan is, but HELOCs are drying up as lenders as afraid prices are going to continue to decline.Cash out refis on investment property are limited to about 70% LTV.

In summary, that would be a great time to buy these stocks.With the (limited) knowledge I have on stocks, these are the stocks in my virtual trading (like a Play Money Poker!)

So unless its a listing that is exclusive to our office, I tend to limit my time (somewhat) with buyers who are interested in a property that is multi-listed, since there is the risk I may loose the sale to a competitor.

Should the applicant withdraw from this pledge to rent, between the time that the application is approved and the beginning of the Desired Terms of Lease in this application, the Applicant(s) may be liable for the loss of the security deposit, in lieu of the loss of rent induced thereof, plus time and screening of other applicants"[/size]I still believed that is a security deposit not a hold deposit.