If you fail to respond, or fall behind on the minimum payments, amount will be turned into collections in October.

That said...if you have a HELOC and draw funds for a purchase that might fall through... you simply pay the HELOC off and call it a day.

It does however become more difficult.Yes you made the age old major mistake in the beginning as every new landlord does of fall into the trap of trying to please their tenants and be the "good' landlord.

I have had this thing for years , great for leaves in the fall except for unloading .  

One last question, and again sorry for bombarding you at this time at night, so if I was to take out an FHA loan, the 3-5% down payment would fall under acquisition and the mortgage for the year would fall under the expenses right?

Little Falls - i see some inventory, is this a good place to buy?

My dilemma is to convert before winter OR save up and do it next fall.

My main concern is if somebody would fall off the railing(which is on my side) and sue me.

You'd think this house was falling apart.  

I have seen many investors fall flat because they tried to rehab from 3 time zones away!