Here is my situation.I purchased a new home in Aug 06 and like many people who try to keep up with the Jones' I chose a house that I could "afford" but just barely.

with all the programs being cut to a bare minimum, where is that taking the real estate investor??

My guess would be based on "standard" formulas (2% rule) as covered time after time in the forums, your units barely cash flow today if at all (would need to bring in $3k/month in rent).

Also, the home they have for sale may be in a subdivision for manufactured homes that may have bare land for sale!

I could barely copy it much less fill it out!

We must keep these two lot renters as we barely are covering expenses on this property, but they are junking up their yards so much that it causes us to lose prospective tenants in our mobile homes.

I'd leave the floor bare before I'd put those down.

As far as I am concerned, a 10% price drop barely even counts as a correction and it certainly does not warrant all the panic that the press is trying to drum up.When prices were going up 30% per year, I wouldn't have bothered to purchase a property that I could only get 10% reduction in the price. 10% off is no bargain, and 10% isn't diddly squat in real estate prices.Somebody wake me up if prices drop 50%, because I'll have some serious buying to do at that point.

[/i][/b]Are you referring to a cash out offer in this situation above?

If your profile is bare, people won't know much about you, and won't be able to find you to do business with you.I think that everyone is here to learn, network, or make deals.