For $5k/unit, we were able to put all new tile flooring in each unit, do complete kitchen and bath remodels including adding dishwasher, garbage disposal, new sinks and toilets, back splashes, tiled showers, and more.

If it is that far underwater, the term isn't long enough IMO to get a new buyer in unless they put 10% down and have disposable income to be saved as well as almost acceptable credit now, a near miss borrower.

While they could probably buy properties for a charitable cause let'sgive them a break on getting that involved and ask that they simply guarantee the required financing with operating agreements allowing them to step in and dispose or or assume any property in the event of default.

I've been taking advantage of this situation by investing all of my extra disposable income into REI over the past 4 years.

I prefer a prop mgr instead (It's a write-off too) than to be there showing a vacant unit, fixing a grbg disposal, etc.

Depending on where you are there is a 3 to 7 year contemplation rule for disposing of assets, attempting to dispose of property prior to any application for any assistance can require the value to be considered, so my advice is don't mess with the title, except as to a family trust.Good luck....

Tear the property down and dispose of it3.

My wife makes a good income and my income is pretty much disposable to us at this point so I can use most of it to pay off these properties and invest in new ones.

The first was, I asked the guy I was using for all my investment property plumbing a couple years ago to stop by my personal residence to replace a garbage disposal.

Remove and dispose of the honey as you've been spraying workers who have tracked poison into the hive (As tempting as it may be, don't think about eating any of it).Remove all of the old hive and points of attachment.