Section 8 tenants could loose their access to their funding (at least in Tx during our ownership interval) if they caused problems, we had very little trouble.

Then you don't have the headache of having to evict them and loosing $10k because they trashed everything on their way out.

Those were the days; the days of loose lending practices, that fired up a lot of gamblers.

Now if they were in fair/poor condition, that's another thing, but if they were close to being what is normal for that area, you can not ignore them unless you want to loose money.Having said that, if you want to throw away your money, I can give you my address and you can send it here.

Moral of this story is to make sure you have proper and adequate (if not excess) insurance coverage, particularly when you have multiple properties (multiple possibilities of litigation).

To date, we have closed in excess of 30 deals, and have 17 in the pipline as well as another 10-15 SS's we do for realtors.

This of course does not consider you getting other additional (in excess of 4) from local banks who carry their own paper and thus do not have the same guidelines.

Someone would bid well in excess of the $1 million owed.

You missed a BUNCH of the expenses, such as damage done by tenants in excess of the security deposit, advertising, entity maintenance, legal fees, evictions, lawsuits, office supplies, etc, etc, etc.Throughout the United States, operating expenses run 45% to 50% of the gross rents.

All it does is insure the amount in excess of 80%.The couple complaining to countrywide are about to have a foreclosure on their record if you can not refi out the property as the loan is in their name.