If you have to resort to lies to convince people to agree with you, perhaps you should re-examine your beliefs.

Where are our stats guys like Tim and JScott when you need them?

Examine the Form 1099-C carefully.

Couple websites for solid market data:www.economy.com _Moody's website on economic data.www.realpoint.com / http://corporate.morningstar.com _national statistical data www.trepp.com -CMBS stats/ CRE deal tracking/ national mortgage datawww.realpage.com -formerly Yieldstar.

It sucks, but as soon as you do, they know you're a sucker, and they'll keep bending you over.Make tenants responsible for minor repairs, if you don't you'll have a few tenants that can't seem to tighten the screw on the loose doorknob, and it will be imperative for you to fix it stat!

Instead, I'm suggesting that we examine the waste in the system, of which defense spending has a tremendous amount, and pass the savings on to the taxpayer -- whether that be the middle-class or otherwise.

I don't know the stats but many who "invest" in RE education have never done a deal.

Unless there is something else to the property, like potential of increased value for future sale, examine carefully what the property is worth.

Below are the stats: Asking Price: 70 k Dwn Pmt 20%: ~15k Mortgage$365.92 (55k financed @7% 30 yr) Taxes400.35 Insurance100 (have no clue what insurance would be (should be alot less) Maintenance80 (another guesstimation).

I collected the listing information, I made an offer and put a courtesy copy of my offer to the "Examiner In Charge" at the local FDIC office.