Maybe we can walk each other down our respective roads.

I'd also just do a month to month so you can get them out if the dogs are being destructive, maybe visit every 2 weeks for the first 2 months or so to make sure the dogs are being good.If her house isn't completely through the foreclosure process yet and she still has access to it maybe see if you can go to her house to look at the condition of the property with respect to the dogs living there.

He showed respect for my ideas and my opinions right from the start.

Most investors don't care if you tag along with them when they speak to the property owner that you referred to them.In respect to fear, take steps that will give you exposure to investing.

Remember the people you are meeting with are humans too and you still need to treat them with respect.

So they will have the highest severity of losses with respect to those mortgages.

First negative year since WWII but not a crash.Clearly a crash did happen in some markets such as S CA.While it's true that no one has a 100% crystal ball, with all due respect I've followed my friend's economic newsletter for over 8 years, and the man has nailed every macro economic trend to the letter, and I mean NAILED.

So here's the million dollar question--how does this recessionary/collapsing financial environment affect what you guys are doing with respect to RE investing?

Hi Rich,You're not too far from CCIA which is Chicago's largest, longest running and easily most respected club.

This 50% calculation doesn't include taxes, depreciation (though depending on your goal with the calculation, I guess you could consider that analogous to CapEx in some respects), or debt service (amortization/interest).