Or in the near future you sell the property for more than $120,000 to pay the mortgage and also profit any excess of $120,000.

Many lenders, including myself are not going to even try to distinguish between residential homestead and residential investment property - we are just going to stick with commercial property where the borrower can't later move in and have his attorney claim we made a non conforming consumer loan.Casualty of excessive Government interference in the market.

You can then sue in small claims for damages in excess of security deposit.

I had to cover all my losses out of pocket by working a 2nd job - bc the investment threw off no excess cash flow to cover losses.

Excessive talking is usually an attempt to prevent getting challenged on anything.Better Business Bureau is making money off accreditation.. but I would still take a look at the complaints.

Hasn't paid ANY utilities, breaks the guest policy(excessive overnight guests,having people in the house when he isn't there) and he is very loud when he comes in at night.He is also damaging my property i see.

Out of that $540 you're paying:TaxesInsuranceUtilities (at least when vacant)Legal costsCPA costs (or, higher taxes if you try to DIY your taxes)Vacancy (even if just for a week or two during turnovers)Routine maintenance (inevitable, stuff really does break)Make ready costsTenant damage in excess of security depositsCapitalThe 50% number is well supported by large data sets.

And I have a question about security deposits. 5321.16 Procedures for security deposits(A) Any security deposit in excess of fifty dollars or one month's periodic rent, whichever is greater, shall bear interest on the excess at the rate of five per cent per annum if the tenant remains in possession of the premises for six months or more, and shall be computed and paid annually by the landlord to the tenant.We're planning to charge $650 for rent and from what I've read, the security deposit should be about the same as one month's rent, so a $650 security deposit.

The lender has to view the amount credited toward the purchase knowing the mule actually carried all it could and that excess baggage wasn't loaded on the horse because the mule was lazy or just because we could do that and pump up the credits; We need to know that the agreed amounts paid as rents were not less than the value of the tenancy rights granted and that we over loaded the amounts credited toward the purchase of the ownership rights.

By looking at the probate office database, I found several LLC company which aggressively (excess bid 10 times higher than tax due) purchase tax liens.