Is the strategy ludicrous or is it a matter of perspective?

There is a big difference between a homeowner who, for whatever reason, is behind on their mortgage payments, and an investor who overleveraged (knowingly and admittingly) on multiple properties and now wants the easy way ot/bail out.I do not intend to have a back and forth with you here, but I believe you are clearly misunderstanding this situation.

I am curiuos to have insight from people who were in the business post Savings and Loan Crisis...specifically from a more experienced perspective..What do u guys think will be the effect of the Bailout ...vis a vis Rea l estate prices....PLS I DO NOT WANT THIS TO DESCEND INTO POLITICAL DISCOURSE, AM NOT INTERESTED IN SOCIALIST,FASCIST AND CAPITALIST POLITICAL DIATRIBE( NOT INTERESTED) am stricly interested in what I can do to better myself under this emerging conditions.Thank you

Plus, loans get sold multiple times.

I'd have refused to sign until it was corrected.I think from the lender's perspective, they're entitled to the interest.

Make some extra revenue and have it serve as a nice amenity for your perspective tenants.

Drove up and down every street in my farm area multiple times.

The existence or not of any paperwork is irrelevant.An LLC with multiple members is handled as a partnership, for tax purposes.

Can someone suggest a good way to estimate repair costs, or should I just stick with quotes from multiple contractors?

And, eviction proceedings can sometimes drag out for a few months if the tenant wants to fight it.It can be a waste of advertising dollars, and your time.Not to mention the risk involved of the tenant making something up and filing some sort of charges for some made-up thing.On top of that, do you want to show a perspective tenant the place while a person who is not paying is living there?