The small local bank drug its feet in redoing my primary HELOC (75 days start to finish) which slowed the local purchase.With the Wells Fargo line of Credit costing 8.5% interest I did a balance transfer for about 90% of the balance to a credit card.  

In a worst case (be sure the read the "possible drug dealing tenant" thread where the owner incurred $6000 in legal fees fighting a bad tenant), your expenses can be much higher than the rent.So, applying that rule of thumb, the P&I payment must be 50% of the gross scheduled rent in order to be break even.

For my SFHs, I don't allow any illegal drug activity on their record within the past 5 years; 3 years for the low income applicants.I also check for any tendancy for the tenant to sue people.

One family turned their apt into a drug den.

Yeah I suppose I'll have to ask, I think I have some good evidence that they were living there, lots of letter, prescription drugs, kid's report cards with the address. 

You claim you didn't sell any drugs, you just sold a suitcase etc.......

Federal cases though they might have an article in the local paper stating 6 in drug bust joe from coventry ...but no list you can get.

My thinking is that we just keep gathering info and that even though this has drug out a few weeks longer than anticipated so far, that that time actually works in our favor as they are going to have this hassle with any other buyer as well?

Lots of drugs.  

Hi,I  do not want to over generalize, but there are a lot of drug problems, more specifically meth, in the Clearlake area.