The benefits do not outweigh the risks to me.If they sue you and go to court the money you gained will be wiped out in court costs and then some along with a bunch of time wasted.Also you will have a hard time proving the items belong to the tenant.They could have a loan on them,be borrowed from a friend,or other people staying there not on the lease could say it belongs to them.This happens in judgements too.You get a judgement and before garnishment you have the defendant fill out an interogattory questionaire from the court.Do you think people are going to list a 2,000 tv when they know you are after it??

I read again and again that a person needs a mentor to move ahead and that the opportunity cost of taking the wrong actions, wheel reinvention, or not taking action usually far outweighs the cost of an effective program.

The liability that comes along with not pulling permits severely outweighs the minor cost/time savings that you would gain.

I tell my clients that the benefits of holding in an LLC often outweigh the negatives but realize that financing will be a bit harder until you get your "groove" going, so to speak.

if you wanted to make a solid return to outweigh what you are borrowing w/the mtg, i'm sure that a handful of the investors on this site would offer you at least 10-18% return if you let them borrow some of that money to fund part of their deals.

in my case, the benefits of cutting losses via short sale or default would not outweigh the costs of credit deterioration. i plan on making investments in the future and i need to maintain my credit standing. more importantly, i dug myself into this mess and i want to get out in a respectable way. i'm wondering if i do sell, will i be able to benefit from capital loss to offset future gains.thx for the responses all!

I should able to sell all day long at the terms i mentioned above so my holding costs wouldn't be more than 2 months max, so I guess the real question I was trying to get at is whether lengthening the terms of the note to say 6 yrs to get a higher sales price outweighs the increased risk of default by a mobile home buyer.

By no means am i trying to be a hero, but your thinking has created a challenge and opportunity that doesnt outweigh the reward- Ive always been a risk taker, not for some "thrilling feeling", but because i know that no matter what happens, absolutely anything, EVERYTHING, EVERYTHING will be OK.

Other than that being near a school can make any property look good because students just want a place to live with so much demand outweighing the supply on many college campuses.

When comparing my strategy to locking into a 15 year, I feel the benefits of the 30 year with the options far outweigh a couple fractions of a percent of interest.