There been cases when people would put their friends/relatives in the selling house which would disappear shortly. 

Would you spend all that money time and effort only for 96% of the money spend to disappear into oblivion?!

The point is even good people with the best intentions can disappear overnight.

I found plenty of abandoned houses with huge loans taken out against them and the owners "disappear"

With the LOC, every dollar I pay the line down with can be pulled back out again for the next investment or a large repair vs it disappearing in a mortgage.

I feel like i have this conversation at least once a day with someone who already owns a property, usually bought site unseen, out of town, from a friendly on the ball agent that disappears once closed.Based on the thread and not knowing any more details, dump them, you will bleed slowly for a couple of reasons.1.

The sellers disappeared.

I see a type of opportunity that disappeared years ago.

Speaking of foreign investors, if enough stuff happens to our economy to spook them and they bolt, we are in trouble, and if the middle class disappears (it is close, right!?)

You can read how I quit my CPA gig to buy large apartment buildings by clicking here: I quit my CPA Job to buy Large Apartment BuildingsI equate large apartment buying to a VERY intense roller coaster ride.Not the "kiddie" ride.Not the ride that just goes up and down.Not the ride that does a loop and done.The type of ride I am speaking of is very fast paced, can be thrilling, many moving parts, has ups, downs, turns, can be gut wrenching, sometimes the ride goes backwards, sometimes the track ahead falls apart and you need to take or make a detour.Sometimes the ride comes to an abrupt end and you feel empty inside with a thought of "that's it - this ride sucked and the seller info was crap what was I thinking”.Or sometimes the last ride was a total buzz kill and you have thoughts of never wanting to do the ride again.Trust me – I have had all of these emotional triggers and I am sure as my real estate investing career continues the ride will always have twists and turns.As a CPA I really get into the numbers and ask lots of questions.