Funny, I found an eviction notice from a year ago- reasons for eviction- Excessive Garbage, Pets- (She also had numerous pets) and behind 3 mos on rent- and she only lived two blocks down the road- She had given me false references.

Check local classifieds for building materials MANY people/contractors DUMP OFF their excess like for nothing, Basically, sub it yourself.

They know its not worth what you're asking, otherwise, it would have already sold.If you can sell it, but the net is less than you owe, you may have to get a personal loan or borrow from a family member to pay back the excess.

The agreement should specify what happens on death as far as the lender getting the property in full or selling it and returning the excess (if any) to the estate.Conceptually, I think these are equivalent to an annuity.

If you subtract out the excess of the crazy high taxes, then you would probably be left with a cash flow of about $100 per month.

The two edged sword here is that if you aggregate your properties, and presumably qualify, you’ll be able to deduct passive losses in excess of $25k with income over 150k.The bad news is that you will not be able to deduct any previously qualified (i.e. suspended) losses until you sell the last aggregated property.

My company has in excess of ten tenants and we were instructed to purchase a real estate software.

My goal is to use the HELOC for 2 years and then do a cash-out-refinance.If I go this route, then my 2nd property will cash-flow $550/month ($6,600/year) if the prime rate stays the same.So, here is my question: What should I do with this excess cash-flow?

Once he sets up his cash flow he can work with the excess to develop some strong RE strategies.

From personal experience as an out of state investor, I'd say investing in cheaper properties ($50k>), and getting rents in excess of $900/month in undesirable neighborhoods, does not reap the rewards that initially look great on paper.