UPDATE:Had the owner of the company come through on Wednesday.Master plumber with over 40 years experience.Very nice and professional.While were there fixed too emergencies.One the p trap was leaking under the kitchen sink and water was going everywhere.Another unit water was coming down from the upstairs through the kitchen.That ended up being the metal line going into toilet tank.Someone wrench tightened the line going into the tank when they were only supposed to hand tighten.This caused a crack in the plastic seal and the water then started pouring out.The plumbers fixed it.When he came out on Wednesday he looked at 2 units.He said to do it right he needs to have 2 of his plumbers out there and go unit by unit.They will check all fixtures kitchen,bath,washer,etc. and do compression test.

With increasing internal policies tightening up from the lenders helped by lawmakers creating blanket laws that are easy to make considering the sammers out there, I don't think Short Sales will be a popular strategy, if a strategy at all in less than 10 years.

I'm at the beginning of a 2 year lease with my tenant and don't want to strain the relationship but also can't afford/don't want to spend that much on an item like A/C.I didn't explicitly state in the ad or the lease that there would be A/C but when the tenant asked me about it during the showing, I said there is A/C but doesn't work well or something to that effect(maybe I said I never really use it, I honestly don't remember).So is it my responsibility to fix the A/C.

Housing is still very affordable for investors--but harder to come by as the market tightens up.

There have been many new regulations in the past year that have tightened up the lending industry considerably, and that's where I'm getting stuck, I guess.

FL tightened the statutes, I am sure due to the number of scammers victimizing sellers.

I would agree with the above as there are lenders who do not know Fannie/Freddie requirements or have overlays that tighten their requirements above and beyond Fannie/Freddie. 

I could handle a couple of months (their deposit + personal savings), but any longer and it would be a real strain.

Yes, there are mortgage limits. 10 is usually max, but the requirements to qualify tighten a little after 4.

Not to mention the serious strain it puts on your savings rate.