http://mortgagefraudblog.com/five-indicted-for-illegal-property-flipping-scheme/

The social security program is a ponzi scheme and should not be relied on.

Your local market, life situation, and state tax schemes are going to make your situation different then everyone elses.

It makes no difference if all the standards are extremely high as to maintenance, color schemes, landscaping, no junk in the yards, etc. if nobody has the authority to remedy the situation with fines, or having the work done and billing the property owner, etc.If all of that is covered, and it's a good rental area, it can be a great deal.

I believe we should all consider our audiance as it continues to grow to put our best foot forward.I'm really looking forward to the new PM system, hopefully that will be a big plus for us to communicate.....which brings me to another point;I don't follow and make connections with others here, not because I'm being snobby or don't like anyone, but I can see that as an endorsement of sorts and I simply don't endorse others as I never know who will come up with what scheme, program or mess up with some other member.

I thought it was a type of foreclosure rescue scheme.

Wait a minute, at the start of this entire thread you had some scheme to have the listing agent only take 1% and then offer 4% to the buyers agent.

So at the time this problem tenant was a minor issue in the grand scheme, and I knew dealing with upstairs was going to take awhile and I needed a bit of income so the property could at least pay for itself.   

I'm pretty reluctant, partially due to a healthy skepticism and partially because my friend has a massive tendency to jump on bandwagons and get-rich-quick, pyramid scheme type deals. 

The benefit of having less equity in the property may later be accepted even though the equity in the property has been reduced and no longer available to other creditors.Equity stripping or skimming is a whole different animal and occurs when excessive fees are charged in a preditory lending scam, or where equity is transferred to someone who is to acomplish a service in connection with a foreclosure or bankruptcy, such as a promise to save the equity for a homeowner who is about to go into foreclosure.If you use a note and deed of trust to transfer equity as a method to reduce equity between related parties, you really need to see an attorney, do not take any such scheme off the internet or from a book.