The rental help cover my mortgage ($150 surplus) and I use my salary to paid off all my bills and personal loan from my brother.

Empty and abandoned homes are a drain on the system and I know in my community that we have a surplus of homes in limbo.

If you find that there is a surplus of rentals available in a specific area, you may want to look at another area to invest in that would have more of a demand.

And despair, in an age of increasing shortages, poverty and hopelessness, will be one of our few surplus commodities.

We plan on using our profit to pay that off immediately with profit from rent + salary surplus each month.We only had a small bit in savings but this house is "ripe" right now, and we really wanted it.I'll also add here that we have 3 children and are living in our own 1 family home we are paying a mortgage on.

If you have contacts that have surplus property available at a discount we should definatly talk.

I make a very good income (about $2k surplus per month) and we have little debt ($17k on two vehicles and $5k on a credit card).

What did you flippers do back before 2008 and the surplus REO inventory?

If they are unsuccessful, then they can go the E&S route (surplus lines market) and very likely be able to find you a policy.

http://www.washingtonpost.com/blogs/govbeat/wp/2014/01/14/michigan-session-preview-what-to-do-with-a-1-3-billion-surplus/Michigan is going down the toilet!!