•All minor maintenance is delegated to the tenant/buyer, decreasing operating costs.

Detroit has many whole blocks of housing that have been razed due to the decreasing population.

Looks like I will have my work cut out for me as I am a freelance musician and I took decrease in earned wages this past year when I moved states.Are there other avenues of getting capital that would be better suited for my situation?

That is a concern, it could have been much worse if this occurred when everyone was home and asleep.Reported claim to Farmer Ins. this morning.contacted company referred by my broker and they will go out and further secure property.Trying to find temporary housing for my tenant. need to contact section 8 to find out how to proceed with them.could be many weeks to get Property back to rent able condition.

I don’t know if the supply of these has increased or decreased due to bank manipulation, but I do know that the number or rehabbers (wannabe’s and experienced) has skyrocketed.Every local REI club I attend is packed with those either looking for deals or selling questionable properties at inflated values.

This would not be offered if the net proceeds from the property on a foreclosed sale would be more than the net present value of the new note. the target will be 31% of gross income.So to begin with you need to determine if the mortgage is more than 31% of gross income then determine if the owner has an acceptable hardship, decrease in income , medical bills etc.need to move would not qualify for modification hardship but would qualify for consideration of a short sale, (same documentation and paper work) .

It's much easier to obtain temporary tax relief on SFD, 1-4 family dwellings.

My priority is finding a temporary place to life and the REI side, and I have a construction crew in place I manage and market.

Too many investors got caught with flips or loan collateral that rapidly decreased in value during our RE crash.

Is that a conservative estimate and is there some upside potential to decreasing expenses (for instance, adding a RUBBS system).Next, 12% return where I have to self-manage is too low for my tastes.