If you're going to buy for break-even cash flow, you at least need to buy with some equity or force the equity so that you're not buying a lose-lose.If you like NC, look at Triad - Greensboro, Winston, High Point - or Alamance - Burlington, Mebane, Graham.

This was landlords burning their building because the city had obtained a court order REQUIRING landlords to continue to support and operate money losing apartment building.  

Once you lose the community, there's really no way in turning things around. 

This is for mid-range quality and minimal assembly items- what you save in purchase price you will lose in replacement and assembly costs!

At least you didn’t lose money on a bad situation. $1,000 today and a written promise to pay what you expected in a month or two isn’t horrible. 

That said, unless the amount you end up losing is substantial it likely won't be worth going after with the cost of litigation and also the effort to collect. 

If I can't do this the house loses money big time like 800-1200 a month.

. $950.00 extra is not worth the headache of losing people on the ground there...

Have you ever heard of a Landlord being sued by a Tenant and losing property?

Have you ever heard of a Landlord being sued by a Tenant and losing property?