I think the right question is AHS v. paying for a new toilet, furnace, etc. out of pocket.

Stove, Refrigerator, Mini-Blinds, Toilet, Bathtub and etc. including entrances to all apartments.Now - I am a property manager, and have done inspections.

In this attic there were 10 vacuum cleaners, 7 TVs, 8 mattresses, 8-10 microwaves, mountains of clothes, several bowling balls, pots and pans for 10 housholds, and several tons of other junk collected from at least 20 years of tenants.

So, for the normal mundane costs like toilet fixes, etc. the Lessee handles all that.

I guess it didn't pan out?

So the loan portfolios are priced according to the market expectation of future defaults.With the current sentiment in the toilet and pricing of default swaps sky high, I can not see that the actual defaults can exceed the current expected defaults.

keith, i did what your talking about...i was able to buy 3 three family properties this year...it is working out because i bought for cash flow...my equity in my own home was not working for me at allbut it all depends on your risk tolerance...make sure your #'s work...for example my numbers: i make over $1500/month per property i bought this year...if i could buy more i would but right now ive used all my equity up to 75% on my primary home...landlording is not easy either, just get ready for the roaches, bedbugs, overflowing toilets, fights between tenants, trash, etc...even w/ all of that its still worth it imo...good luck....bg

Perhaps you can buy a brand new dish-drying rack with drip pan for the counter and tell all your potentials applicants it's included.

I am heading towards a similar situation (not sure how it will pan out yet--maybe there will be a miracle?).

You're going to have to find renters, rehab, fix toilets etc.So besides where you think future market values are going-do you want to turn your investment in gold into a real estate business is the first question you need to answer for yourself.