Like the edge of a B area. 

So that 1500 would be cut down to around 500 or so maybe.So, does that mortgage on that property count as part of the total they would lend you based on your income?

As it relates to flipping, how do I protect myself from a buyer who may want to cut me out of the deal so that he/she can take over the property for a lower price?  

As leads call in (or if they ask to be taken off the list), I cut those people out of the spreadsheet and put them into a new tab called "Removed Leads".  

Often it is because of a roof leak but many time the copper plumbing has been stolen and water ran until the city cut it off. 

Get a professional tenant and you could be in for death by a thousand cuts. 2) Not knowing your numbers - If you buy with the wrong numbers you can get in trouble quick. if you just assume that you buy for X rent for Y and pay Z in mortgage, insurance and taxes you will be in for a big suprise when things start breaking etc. turning your good investment into a money trap3) Related to number 2 and a fairly common one if you spend all your profits and don't reserve when suprises hit you will not have enough money to cover it4) Not keeping up the property - No one wants to live in a dump, a slum lord attracts slum lord tenants and this can eventually catch up to you5) Speculating  - This could go very well or very bad.

I think she wanted to cut it loose asap and move on with her life.  

Just make sure you have a plan for the edges before you start.

Henry the 8th, I am, I am ... whoever is born (records) 1st is more senior, those born (recorded) after are Junior to them ... and 1st lien is not always the most Senior either ... the tax man has been around forever and always takes his cut first :)

Hello, I was told by my property manager that I need to cut 2 trees off  my rental property in Indianapolis.