I don't want to say the wrong thing right off the bat and burn a bridge just by saying something stupid.

Joe Bertolino We had a rental mobile home burn in our park last November.

Rehabbing a house is like peeling an onion or undressing a fat chick.

She was burning through the small insurance money she got from his life insurance, so I suggested rentals.

The only time I got burned was in 2009, I bought a HUD house for $10,000 that was built in 1999.

But even after this they do this and i am burning my eyes looking for buyers woring hardest possible to match buyer to deals please can you shed some light on which WATERTIGHT AGREEMENT I CAN USE?

If not with increased management fee you are looking closer to 60% to 65% cost and not 50% annually.Tenants not directly billed bu the water authority use about 30 to 35% more water monthly and do not report water leaks.If the tenants are not paying then you will have months of lost rent,damage to the units,and reconditioning costs.You need to pay close attention to the EXISTING tenant base going in.Run your own checks on them.The existing landlord might have just filled the building up to dump off crap tenants on someone else.The fact that this property has changed hands so frequently leads me to believe it has serious problems.People get think they get a deal and then want to jump off the burning ship quick before going down.Check title history chain and see if you can locate previous owners,their attorney etc. on documents.You can also look up if a previous corp bought it and the controlling officers.

Just burns me up inside.

These are people who have been burned badly by the economy.

My one concern is that the stress of managing the tenants or worrying about burning out and losing intereste/desire.