Might be a short tem hold then sell but then again in my book you are speculating not investing.

I have two checking accounts – checking 1 [day to day] and checking 2 [deposit accounts]I also have a long tem liability account setup 2300:2306 New River Security.I am not refunding this security – I want to move it from checking 2 to checking 1, but subtract it from the liability accountI know this must be simple but can figure it out for the life of me.Please help!!!! 

hahahaha(Tem algum brasileiro aqui?)

Another friend of mine is picking up homes on the cheap (but often all cash) and putting a little into them and flipping tem quick walking away with 15k-25k after all expenses in about 60-90 days.

(we did not want to buy in a new area till we were sure we wanted to stay long tem).

I tell them that I don't expect perfect credit, but I do want to see a credit report that assures me that I will get my rent every month without having to chase it down.Before we get any further, I also tell tem that I won't accept anyone with an eviction or a recent bankruptcy.There is no point in giving them false hope, because it just wastes my time to do showing and process applications for people who are going to be rejected.On the other hand, many applicants really have no idea at all what is on their credit report, and I've run into people who thought their credit was ruined because they paid the Sears card a month late 6 years ago.

I think we can get 400-500 more per month with some minor repairs (10-15K) for a long tem buy and hold rental.

this is a salary postion.. for the right person 10k a month with bene's  but they are going to be very qualified .. if I can't find a rock star I will lower the pay and train them and pay tem accordingly.. someone who can come in and does not need to be trained will go on my payroll. 

@Marzella ZielkeIf this is in the area I suspect it is, you will probably find your only option long-tem is scrape and build. 

Also from court house search - you can find out the original loan amout, interest rate, tems and calculate current balance plus add six or eight monts payments - missed - check for any tax liens etc - Then you can foreclose and get the house- or do a work out plan with home owner to have better yield-