Spoke to tenant and was told Sept rent should be coming, there was loss of child support, and rent payments will be back on track for Oct 1st.    

If they did the bank would not accept a big loss on the note but would want the owners to make them whole instead.So doing specific performance etc. can be a waste of time with a short seller.

You will then be unable to sell them or will have to take a loss, which is counter productive.When you're first starting out with real estate, in my experience, your biggest growth potential comes from the money you can save from your regular job, not from your properties.

Of course, being near Nashville is great for people who love a city with a unique identity, innovation and entrepreneurship, culture, music, food, art, nature, etc, etc.It's more challenging to find good deals in the city now, as it has been a really hot market, but there are still deals to be found a little farther out.Congrats on taking bold steps to improve your life!

Mark has utilized his diverse background to facilitate and advise the launch of many successful business start-ups in fields ranging from multi-family housing to specialty food and apparel manufacturing.

Learning the hotel business, management, operations, food and beverage, etc will help you understand what a current owner is doing poorly and what you can do better.

That is with a replacement cost of 10% and vacancy loss of 10% 

Hi Douglas,Sorry for the job loss I understand from that experience.Great that you are venturing into RE. 

No great losses, but no great gains either.

If food / fast food / drive thru - the brand needs to go dark and buy out of lease or file's BK - is there a replacement brand waiting in the wings.