OK, thanks for the explanation Jon.

Thank you John, the info you provide is really eyeopening "as usual :D " Thanks a lot for the thorough explanation .

For anyone that wold like a explanation of the 10 rules of economics.Insert URL: http://www.youtube.com/watch?

(explanation: I charge one months rent to break the lease and they have continue paying rent and utilities until the next tenant moves in)I realize that many investors are able to purchase properties at a 70% discount, however they have not been available in my area.

It converts the nonrecourse debt of the mortgage to a recourse debt of the members where the bank can go after the members if the proceeds after foreclosure sale of the building does not satisfy the debt owed to the bank.This is a general explanation and there are many other factors that can change the outcomes.

Thanks for the further explanation...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Here is an explanation of the benefit of tagging someone:To make the @ work, do the following:Hold down the shift key and type @?

:When I raise the rent, I want to explain that even with a rent increase, its still cheaper than moving out.I would raise the rent and not give much explanation.

A lot of questions, and I trust you will give a full explanation, (I've been reading your post so I know that will be the case :) thank you very much sir and God Bless

Michael Seeker great explanation.