You also have to take into consideration these expenses:  Monthly management fee, utilities, insurance, repair reserves, taxes, HOA fees, once a year deep cleaning fees etc.

Greetings everyone, Just found BP and I am hooked and diving deep into the world of Real Estate Investing.

If it got dragged out for 2+ years because of a BK or a defiant borrower who contested every step of the foreclosure process, would soon find yourself deep in interest debt.  

You will have to sell at a deep discount if you have non-preforming leases.If this is not the case, then you should have no problem selling.

@Dennis Pollock i love it.....i have been eating, breathing and sleeping real estate for the past 3 months.

Just took me a long time to realize what I was missing out on so I'm digging in deep now. 

I realize that these are very deep questions, and something that I may not get all the answers to on BP (vs face to face), but I'm hoping I can learn over time and as well participate here, and really start to understand the data of commercial real estate. ~ Matt

So when someone threatens to sue or stops paying rent and needs to be evicted...I just take a deep breath and know I'm going to win.

Here heartsick sighs and groanings and shrill criesRe-echoed through the air devoid of stars,So that, but started, I broke down in tears.Babbling tongues, terrible palaver,Words of grief, inflections of deep anger,Strident and muffled speech, and clapping hands, All made a tumult that whipped round and roundForever in that colorless and timeless air,Like clouds of sand caught up in a whirlwind.

They're not doing so hot, and many of the out of state investors come in breathing fire and run out in the middle of the night white as a sheet and in quivering fear someone will hear about the shaved Steel City orangutan they woke up next to.