I sincerely appreciate your Insight and your wisdom and taking the time to share that with me Greg.

Since real estate requires your full time and attention, you will need to live on savings until you start generating income.

Real Estate allows cheap leverage because of the assets available to secure the loans, rates are lower to get a loan on a house, than on a machine that stamps out ipod cases for instance, because next year the ipod will be bigger/smaller/thinner/fatter whatever, and your machine is obsolete, since real-estate has such a long life, its cheaper to borrow against, right?

Best case scenario the OP gets an apology which won't be sincere or life changing for the contractor.

Sincerely,Mark Updegraff

SINCERELY APPRECIATE IT!!!!!

Obviously I would try to get the existing tenants to sign a lease, but I've seen the place and I sincerely doubt that happening.

A lot of time I have a sense whether they are sincere or just another of the lost in the mail crowd.The upside is if they are legitimate and have hit a rare rough spot then you can instead work with them and avoid all that vacancy.

I've seen some leases that require utilitues to be maintained for a period of time after the tenant moves out, but i sincerely doubt any judge in my area would enforce that.

When I first gained my RE license in April 2012 I affiliated with a brokerage that I've since realized is not the right place for me.