This of course does not consider you getting other additional (in excess of 4) from local banks who carry their own paper and thus do not have the same guidelines.

Someone would bid well in excess of the $1 million owed.

You missed a BUNCH of the expenses, such as damage done by tenants in excess of the security deposit, advertising, entity maintenance, legal fees, evictions, lawsuits, office supplies, etc, etc, etc.Throughout the United States, operating expenses run 45% to 50% of the gross rents.

All it does is insure the amount in excess of 80%.The couple complaining to countrywide are about to have a foreclosure on their record if you can not refi out the property as the loan is in their name.

You will lose your ability to participate in the Section 8 program and you will likely be liable for civil damages, at least for the excess rent you've collected, interest, and court costs.

I don't attempt to evict people for being unclean unless it's excessive.

I have been selling apartment buildings for about eight years, having sold in excess of 1,000 units throughout my career.

The damage was in excess of the security deposit.

Therefore, I would not excessively rehab a property if it is going to be used as a rental, especially in the price range that you're talking about.

With the current market conditions and the excess inventory of bank owned homes most real cash buyers (the ones that close in 2 days) are looking for 45-50% ARV.