My point was, and is, I don't see any need to bleed a tenant when times are really tough for a lot of people.

Went outside and looked and an outside light fixture had fallen off the wall socket, rainy season in south Florida has done it's damages, water gotten inside that wall, and caused the sheet rock on the inside to swell and warp.

If your goal is to break even or possibly bleed on a property month-to-month hoping for a terminal value from appreciation far in excess of your purchase price than primary markets are probably better markets for you to look at.

House Price $125,000.00 Down (Using UBLOC @ 1.5%) $25,000Closing Cost $4,500.00 ExpensesCost of UBLOC @ 1.5% $586.50 "Down $25000 + Closing Cost $4500 + UBLOC csot (12% of $80,000) $9600Total $39100"PIT 4.0% $769.08 Insurance $100.00 Rent $1,300.00 Cash Flow $(155.58)I would have to look into buying 4 plexes with better cash flow to justify using the UBLOC otherwise I would bleeding cash each month.

I was a little busy being amused at the idea that for this thread, Bleeding Heart Bill has suddenly become AR-toting Wild Bill...but reluctantly so and doesn't know where to get magazines for his rifle and doesn't know how the thing works.

We all started to get sick, with coughs, nose bleeds, headaches, sinus and ear infections.

I personally foreclosed on over 200 investors who walked because the properties were not performing like they should have pre 08... so it was all across the board.. just depends on when you bought.. and what your debt load was.That is a great point.I guess you have to draw the line between "buy and hold" investors who are really just speculating and hoping the property appreciates while bleeding money each month, and the ones who are in it at the right purchase price based on fundamentals.If you buy everything based on solid fundamentals (positive cashflow after ALL expenses, reserves, etc) - the market swings of value don't affect you as long as you can keep your units full. 

If you believe in the 50% rule you'll be bleeding much cash, even if you can afford it.

There is a 5 unit building near us and I think the numbers are OK on it (not swell, but it's Portland, so they should be consistent and we like the area).

At this point, I need to stop the bleeding and need help filling my vacancies.