A Lot of agents 1) don’t really know all the intricacies/procedures/rules/strategies to do a short sale and 2) don’t want to do all the extra work involved in one, for no extra fees.Attorneys are not great for negotiating/processing shorts sales…they often slow the process down are not needed.If it comes to that point, have a talk with your agent, and their broker, about switching to an agent with short sale experience.You would need to show a financial hardship though….as in you can Not afford to pay the negative cash flow indefinitely. 

But ended up being a lot of negative cashflow on both.I got started!

For downpayment, it's simple math concept.

I stand by the concepts in my 5/27/2020 post on this BP topic, Buying auction properties in Wake County, NC, that people serious about buying foreclosures should take a few law classes or at least know every detail in their state statutes regarding the process. 

That is the concept how things like rows of apartment garages and storage units can be laid out in areas with lots of grade change. 

The small claims court amount as I understand is 10k max, if I do proceed with CSLB will it negate the claim if I win the case.

Sometimes the tenants just move out.The only negative is if they know the system, they then realize they can stay even longer.

Just remember: most negative reviews are written by problematic tenants.

You will either qualify for the next home using more personal income to offset the 75% of the rental income that the lender will qualify or buy a deal that cash flows about 125% of the expenses so that your income does not have additional negative Debt to income. 

These thoughts of negative use cases are why people don’t pursue financial freedom.Now another perspective is becoming scared and angry of not becoming financial freedom.