BTW: don't feel too bad, as many owners do a poor job of screening PMCs before hiring one - except of course, focusing on the lowest price:)COMMENT: If PMCs screened tenants the same way most owners screen PMCs...True!

I haven't found anything on a credible source and I also haven't seen much chatter about it in the real estate world which lead me to believe it's probably not true. 

It only true if they are current on bills and rent ( which they are not).

Very true! 

Unlike Alkaline batteries they maintain full voltage until they die so battery meters can't detect a true % of battery life.

That's why I'd rather focus just on the very few high $$ properties each year, rather than battle it out with the "regulars"on lower priced stuff, I think you're often better off looking at the other methods of finding them, OR maybe putting some effort into it but its no easy game there at all.Lastly, if you want to hear a TRUE story of FAILURE at the auction, here's one that happened to ME!

Is this true?

It's still positive income and not a true expense out of your pocket.3.

When rates come down, there will be more supply than true demand.

The husband has told me he got the bank to agree not to come after him for deficiency - not sure if that's true or he just didn't know what he's talking about, he seemed pretty out of the loop on a lot of the information, but he's not interested in getting the house back.