This reminds me of when Obama made this speech. https://www.youtube.com/watch?

If rates are going up now, it's under Obamas presidency. 

But then you gotta add the state and self employment, and the 3.8% Obama care surcharge and voila there goes your profit to what @Steve Vaughan calls the "silent partner of Uncle Sam".If you want to avoid that drama just change your outlook and make your intent to hold the property for now.  

I was a first time home buyer under Obama's First Time Home Buyer Program.

The Obama budget is seeking a 1 million dollar annual limit on the 1031 what effects do you see on the industry without the option of major exchanges

I just purchased a 2 flat on the south side of Chicago near where the Obama library is set to go.

There were plenty of famous people who promised to leave the US if President Obama won a second term.

hi kevin. just so you know, i find some of my best deals like this. the house has probably been owned by a bank. the previous owners/ tenants have long ago moved out. you need to go to the local clerks office and look up any foreclosure papers on the house. that will show you what bank to deal with. the people listed as the owners will still be listed as the owners until the bank fully forecloses. then, they bank may or may not sign onto the house. if it is in foreclosure, you will have to deal with that bank that foreclosed. if it is not in foreclosure, then you will have to find the owners. it is likely they moved somewhere close by. look up their name in the county clerks office or on line if the clreks office has that kind of website, and see if they own any other houses near by. do a whitepages.com search for them as well. i have found more people this way. also, what you may need to know is that a few years ago, the obama administration was restricting banks on the number of foreclosures that they could remarket per year. hence, this lead to banks marketing only the prime foreclosures they had, leaving the " trash" alone for years. eventually, some banks got tired of holding on to their " trash" and just wrote them off by sending a letter to the owners that they were dropping their leins on the house and the owners literally were given back their houses. if this is the case, you would find in the county clerks records a " release of lein" or a " release of mortgage" on the house. now, just because they " gave the house back" to the owners, doesn't mean the owners know. quite often, the owners have moved on and the letter went to the old address, so the owners do not know. this is your chance to find them and offer to buy the house dirt cheap, i mean dirt cheap. i personally have bought 2 houses this way, and i never paid more that $2250 for either one. thats not a misprint, it was $2250. i had to assume the back taxes which were almost $5000, but thats still cheap for a house that was worth $50,000. keep me posted as to what you find on this one.

I was making a joke regarding Obama's pay as you go/debt forgiveness bill that is law.  

Obama Care and all the new rules and regulations, with Code Enforcement making unreasonable demands, like making me paint the same eaves on a rental, twice in six months and here comes Hillary and all her new rules and regs and taxes...give me a break.