Before that, it was rented for twelve months straight.I don't believe legal fees and evictions will cost much, if anything - there isn't a lot of red tape in South Dakota about evicting nonpaying tenants.During the summer I am a painting contractor and have my own scaffolding, ladders, work truck, tools, etc.

Choose the red pill, or the blue pill.

First, if expenses are coming in at much less than 40% of gross income, that should be a red flag.

Will they be more willing to do the short sale process or will it go through red tape like everything the government does.I did one with one previously were they charged the homeowner $300.00 to pay for the Appraisel and some Short Sale Fees.

i was wondering if there is any way to research if a neighboorhood has been a victim of mortgage fraud.Eyeball viewing of the property and apprsial has rasied some red flags

That's a red flag.

The chances of Well looking is slim to none but since you have already raised the red flag your closer to slim :)

The possible red flags are a) why wasn't he able to sell it for 199k when most sales are in the low to mid 200s in the area; b) why doesn't he just list it again at a lower price; c) what is he not telling me about his situation given that he's behind on his 2nd, which is a small amount?

What are the red tape and hassles that I will face with section 8?

I red flag everyone that works for [b]commission.