And for those of you who don't know what it is then here it is in english: Table Pool!

If I have to fool anyone, this strategy won't be for me.My goal is to do this the way John Corey mentions above - by officially alerting the lender immediately so that everything is on the table.

gordo,Are you saying that in a double close you don't go to the table with any money??

I heard that double closing you(the whole saler) have to bring money to the table. correct me if I m wrong.

I'm a fool-time real estate investor- no, that's not a typo :) and founder of The Windy City Round Table in Chicago.I say "sort of" from Chicago because I actually no longer claim IL as my primary residence.

I don't have the $ to come to the table to close @ a sale or keep payments up while the house sits on the market.I'm trying to get a better understanding of my "worse case scenario" (foreclosure).

What do you bring to the table?

I do work some on the weekends under the table, but nothing on paper.

The best way to invest really depends on the person, what they like and what they bring to the table.

You have to inventory everything at movein/out, deal with stained table tops and upholstery, and repair/replacement when a tv or other appliance dies during a rental term.Vacation rentals OTOH, must have everything...linens, flatware, small appliances, probably cable and phone, etc. etc. but in theory you get a substantially higher rate for that type of unit.