It could be the case that the PM recommended this, but your story so far is a perfect illustration why you as the owner should be responsible for those payments.  

But does illustrate what Gideon Tucker said, "No ones person, property, or liberty are safe while congress is in session."

I will change it to $195k however, to be able to illustrate step 4 below.2.

I knew this before, but this experience is illustrating that significant money can be made in real estate.

That's $3,000/week and he doesn't have a broker breathing down his neck and can do all the deals that he comes across.Sorry it's a long story, but it illustrates legal issues if you're a licensed agent doing deals on the side.

This data strongly illustrates the steady stream of demand for housing and the correspondingly low levels of supply available.

But neither is any projected return on real estate or any other investment.This is a very simplified example of course and doesn't take into account other variables (inflation, loan rates etc), but it should illustrate that she doesn't have to feel locked to the rental property and can find other viable alternatives.Originally posted by @Joe Villeneuve:Originally posted by @Ron K.:5% (.05) = conservative return she could expect long-term in other investment classes.Originally posted by @Joe Villeneuve:Originally posted by @Ron K.

This illustrates the benefits of using leverage, which need to be weighed against associated risks.Typically, if you are in growth mode I would recommend up to 75% LTV so long as you have positive leverage.

Not a bankSo for me I'd keep dumping money into it and as for the credit card debt I can understand that it's likely crushing you as far as payments, but have you heard of the Debt Snowball as illustrated by Dave Ramsey?

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