The 7th/Camp Bowie area in Ft Worth, along with the TCU area are experiencing very similar action.  

He was mentioning that I have 48 hrs to send the earnest money and has to send the check overnight to the Asset Manager.

The fed setting the overnight funds rate (short term rates) has little guaranteed direct impact on mortgage (long term) rates. 

Then you are working hard to keep you house from getting gutted overnight.

It's kind of like a really nice private man camp I guess.He is currently collecting about $5,500 in rent at 100% occupancy and covering all bills for the tenants.

 :)It's the last bullet on this page:http://www.suncommunities.com/RentaHome.aspxBasically like a Christmas savings account being funded from a portion of the normal rent.If you take Frank's boot camp (the above mobilehomeuniversity URL) or get on the free forum at that URL and ask about how some operators convert park owned to tenant owned.  

The reason that didn't work is because demand evaporated overnight and prices plummeted locking the homeowner/investor into a position where they couldn't sell or make their mortgage payment.  

I'd fix them up myself if I didn't think my drywall and  copper would disappear overnight ...

Hi Darren,No I am not doing anything with the townhouse...It has a small mortgage under 80k and is my primary residence...so if the market goes to hell I can sail through no problem....Over leveraged home owners and investors will be the ones hit hardest.....when they owe$500k on a condo and overnight the price drops to $200kGet rid of debt if possible......

How do you reach out to large groups such as church group, youth sports teams, family reunion groups, near a certain city?  Is there some mailing list you can buy for direct mailing?  Where do you find credible provid...