I highly doubt this scenario will occur, but I like to be sure of all possibilities.Thanks!

I own several dozen rentals and have had damage in excess of $2,000 (materials only) occur twice.

Before that the maximum fine was 6500.00 per occurance and 1.25 mil total fine per year on a lender.

It has occurred to me the small revenue increase could actually translate into a loss.

Recognize that the seller could lose the property during the rental period.This could occur for any number of reasons such as if he or she is unable to make the mortgage payments, a tax judgment is placed on the property, he or she goes through a divorce, is being sued, and so on.

@Bill Gulley probably has forgotten more than I know about federal lending law but is the actual individual facts of what occurred will probably control.

I would definitely be worried about selling RE with bitcoins with the massive thefts that have recently occurred.

I've seen REO's listed for $30k more than a ready to move in house down the street,,either the agent was crazy or the bank calculated value by what was owed on it.The bank has to realize the loss on its books when the sale occurs, until then they still have an asset, and they are putting down what they think its worth,,,if they aren't ready to realize the loss, they may keep a higher value, then reduce it over time to keep from taking too much of a loss at one time (another reason they sit on inventory so long, they don't want to sell too many at once)andy

I have thought of out of area buys for better cash flow, but it is nice to be able to deal w/ everything on your own, especially when issues or vacancies occur.

The association will be designed as a networking opportunity for experienced Real Estate investors to share their knowledge, ideas and best practices.The first few meetings will be dedicated to working together to develop a format and create a plan for future meetings.The only requirements for the meetings will be1)All attendees must own at least 1 investment property2)ABSOLUTELY NO SELLING will occur at any time during the meetings.