Will these increasing foreclosure starts in some States such as New Jersey and New York, prevent a true real estate recovery in the U.S. as a whole?

For some of the worst tenants, you sometimes find yourself considering steel plate & cement construction to prevent them from tearing up the place.

The only concern I would have would be if you were planning to hold properties in the LLC to make sure it was set up correctly to prevent corporate veil piercing by tennants

The FTC mandated this from the credit bureaus in order to help prevent/curtail identity theft.

They are in a high liability industry so many office or business practices prevent what is called creative techniques.

The formula is just a starting point and prevents you from making a major mistake by paying too much for a property. 8)

Cash back cannot be generated from thin air, despite what George Bush and Congress think.There are 3 simple things you could have done (and future newbies should always do) to have prevented this:Due DiligenceDue Diligence Due DiligenceThe only upside of this; (like the upside of the RE and S&L crash of the '80s) is that a lot of us, will make a lot of profit snapping up these deals for twenty five cents on the dollar in the future.

This is done to quickly determine and resolve any occupant issues, secure the property (No Trespassing), halt code violation fines, and as important, to prevent further deterioration of the property, and to rectify any public safety issues.

This can prevent headaches down the road.

I work in foreclosure prevention, loan referrals and I recently started compiling Lease-Option/Rental leads for investors and regular property owners who are looking for tennants.