I am inclined to be insured to the point I could recover those two things, i.e. buy another home with equal potential and risk.

Marginal dollars are worth less as wealth increases and you are less able to recover from foul-ups as you age.

These guys are smart as hell, and other pvt equity funds are committing multi-hundred million dollar amounts INITIALLY to buying bulk REO, rehabbing, and renting, cashing 10% coupons while the market recovers and delivers nice gains down the road.

However, when the economy recovers, I am concerned that the increase in prices will cause these cash flowing properties to grow less and less.

All the owner has to do is request it from the Management Company.Condition of the HOADeferred MaintenanceDuring economic slow downs like what we are experiencing now, HOA's tend to have a higher delinquency rate which causes the HOA to defer it's maintenance in the hope that they recover those funds in the future.

The cost is built in somewhere to what they are doing.We get landlords offering free rent here for 1 year.The rent isn't free on commercial as they then have year 2 at a higher than normal rate to recover some of the lost rent and then built in escalations that are higher and more frequent than normal.Never get sucked in by a gimmick.I tell all my clients to be slow and methodical in doing a deal to avoid "knee jerk" reactions.It takes a long time to make money and a small amount of time to lose it.You also have to watch out for if they are in pre-foreclosure or not.They could be trying to collect an upfront payment with free rent and then walk.

If I was going to buy out of state, I would rather go to the FORMER bubble markets that have crashed (AZ, FL NV), get in below construction costs, get cash flow with low property taxes (NV/AZ have low property taxes...FL does not), and take a chance that they recover at least back to a little ABOVE construction costs.

Sounds like a really good turn out. sorry I missed it but I'm still not fully recovered so it was for the best I sat out.

I see you are in Dallas... if you have judgments you are looking to recover, you've come to the right person.

These last two options are attempts to recover the money the second mortgage holder has invested, although they are rarely undertaken (particularly in a weak housing market).