I'm just a little concerned that posting all the logistics about where we're doing deals may bring some unwanted competition.kinda like being a free bird dog for the well capitalized & tech savvy investors...Any thoughts?

I'm guessing that they are not allowed to use your contract.In my experience, dealing with banks that own REOs is a very unpleasant experience.

> > In all cases, these sales turned out to be win-win deals for the buyer and seller; the seller was able to get rid of an unwanted property to a buyer who loved it, and the buyer was able to get his new home at an affordable payment and interest rates with none of the usual costs (points, application fees etc) inherent in more conventional mortgage transactions.

SAMPLE LETTERS**IF YOU HAVE A REAL ESTATE LICENSE* Dear Senator [name];My name is Vena Jones-Cox and I am a life-long resident of Cincinnati.I am writing you to encourage you to vote NO on HR 1728, the "Mortgage Reform and Anti-Predatory Lending Act".While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act (see section 101(3)(e)) will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.As a real estate broker, I have seen several dozen cases in the past year of home sellers and buyers coming to an agreement for an installment sale on a property that the owner desperately needed to sell (often to avoid foreclosure) and the buyer desperately wanted to buy, but could not raise the downpayment needed for conventional financing.In all cases, these sales turned out to be win-win deals for the buyer and seller; the seller was able to get rid of an unwanted property to a buyer who loved it, and the buyer was able to get his new home at an affordable payment and interest rates with none of the usual costs (points, application fees etc) inherent in more conventional mortgage transactions.In Ohio, these transactions are already regulated by state law: a low maximum interest rate is already in place, and both the buyer and seller are protected by other regulations at the state level.In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law foists upon them.

At the end of the year when it's reassessed the taxes will go down to $11 a year.What are some things you guys have done to get rid of unwanted properties?

So maybe socialism isn't as bad for an economy as one would think, although it is unpleasant from the perspective of individual economic freedoms.

It only takes one disgruntled potential tenant that can say you discriminated against them to cause a lot of unwanted trouble and expense.IMO it is necessary for all landlords to have a solid understanding of the various regulations that affect them.

You should probably assume a few other costs in there of about $40K because you will be doing this for the first time and can expect some unpleasant surprises.So that tells me that you would need about $200K in total capital.

In my experience the worst periods to get new renters is at the start of school (now) and between Thanksgiving and Christmas (as people are feverously shopping for un-needed and un-wanted junk for Christmas presents).

I had an unpleasant surprise while down at the Orange County, CA recorders office.