What I havn't figured out is why this is still a suprise.Take the number of crap loans,Extract the % likely to forclose,Set a time line for this to happen,Get an idea of how much inventory is expected,Divide that amount of inventory by the current sale rate,And update those #'s once a month.

We're poised to see a complete end to fossil fuel extraction in our lifetime.

It seems as though revenue would come to the management company which would pay bills/expenses, extract a management fee and return the balance if any to the holding company capital and/or retained earnings accounts.

Curious how your local guy does the extraction and cleans up after himself.

@Katie DeskinsIf you are trying to extract equity, a HELOC might be the cheapest and easiest way. 

At 97% LTV it will be challenging to be able to extract any of your initial investment but even if you cannot, you have a RE that is worth significantly more than you paid for it and rents for significantly more than when purchased. 

With equity I've extracted from the first house I am looking at a 2-bed town house which has the following numbers:Monthly Income: $1095Monthly Cash Flow (income minus expenses): $-310.25Monthly Expenses...Cash on Cash Return...Principal & Interest$800.00Down payment$51,125.00Tax$80.00Closing costs$3,000.00Insurance$56.00Washer dryer$560.00HOA$205.00Paint$1,000.00Utilities$0.00Vacancy$54.75Repairs$50.00Capital Expenditures$50.00Total investment$55,685.00Prop Mgmt$109.50Annual cash flow-$3,723.00Total Expenses$1,405.25% ROI-6.69%However if I factor in the equity that will be built because the mortgage is slowly being paid off then the ROI becomes positive.

The theory behind the 10/1 ARM is that for as long as I've owned homes, I've never gone more than 10 years between refinancing (owning now for over 25 years).So we extracted the cash and were in no rush to invest instantly to offset the amount we'd owe with our mortgage AND the HELOC.If you have a mortgage, a HELOC and a mortgage on a rental property and you don't have the property occupied, then you're in really bad shape (IMHO).So what's why we refinanced over the HELOC.  

The downside with these approaches is you do not extract your capital from the property upfront.

I would have the two properties and sit on that for a while until I saved more money to acquire more or accumulated more equity to extract from the investment property?