What sort of advantages, less cost, do you see panning out?

It panned out well for us and got us started, but I'd like to avoid going that route down the road.to be even more exact, I think our loan was a 5/1 @ 6.25% and after 2 years.

First, follow this post tactic… go to Commercail Bank and Trust (CB&T) in your town.

Then you can either pursue the property at foreclosure sale - if the numbers pan out and you have the cash - or approach the owner with a proposal.

In this attic there were 10 vacuum cleaners, 7 TVs, 8 mattresses, 8-10 microwaves, mountains of clothes, several bowling balls, pots and pans for 10 housholds, and several tons of other junk collected from at least 20 years of tenants.

I guess it didn't pan out?

Perhaps you can buy a brand new dish-drying rack with drip pan for the counter and tell all your potentials applicants it's included.

I am heading towards a similar situation (not sure how it will pan out yet--maybe there will be a miracle?).

Also, maybe you should look into a good maintenance protection pan, this may cut down on some of your cost depending on the service call amount.

Originally posted by Tin Lam:last deal,private seller,...