You should be careful going into a rental without legal notice to the tenant--even with abandonment-real or suspected-you have to post notice (in our state )--and its not really an emergency-fire, flood, etc. so you could go in w/o notice( usually)--send a certified letter-include the lease renewal- and see if you get a response.

I am curiuos to have insight from people who were in the business post Savings and Loan Crisis...specifically from a more experienced perspective..What do u guys think will be the effect of the Bailout ...vis a vis Rea l estate prices....PLS I DO NOT WANT THIS TO DESCEND INTO POLITICAL DISCOURSE, AM NOT INTERESTED IN SOCIALIST,FASCIST AND CAPITALIST POLITICAL DIATRIBE( NOT INTERESTED) am stricly interested in what I can do to better myself under this emerging conditions.Thank you

I'm also reading his other book - Emerging Real Estate Markets which I think is really good as well.

I'm still young having recently graduated university I deal with high net worth individuals daily in relation to property investment worldwide with a particular focus on the emerging markets.

Emerging markets have no doubt been considered a risk in the past but undoubtedly offer fantastic potential.

The Florida legislature could have met in special emergency session and passed a bill to settle it with a coin toss had they wanted to do it that way.

At the same time, that 5 or 10% could stay in my account as an emergency fund.

The risks he points to are:1) Borrowing Too Heavily2) Selling your property too quickly3) Using ARMs to get a cheap loan - using adjustable mortgages in a rising interest rate environment is a dangerous formula4) Not having a plan for financial emergencies such as medical emergencies5) Skipping a property inspection because you just have to get the deal.

A friend of mine used her real estate attorney for an eviction and it took over 4 months.My tenant told me he would be trying to get emergency assistance from Catholic Charities, Home Serve, and other agencies.

Home Depot is too so the maintenance and "stopping by" to check on it shouldn't be a problem.I plan to use the remaining equity in the soon to be rental as my emergency fund by refinancing with a first and a home equity line of credit to be tapped if/when I need it.