But rent control is know to have dire long term effects on housing availability and quality, see [rent control worse than bombing].While rent control is a well known example, restricting landlord's capacity to do checks relevant to the ability to pay rent for the tenant is likely to result in more evictions.

I am building my company and in dire need of a good property manager that has connections to good reliable contractors. 

We were 13% above our construction budget which could have been dire had we sold for less.

Most of the foreclosures we had seen were trashed & by the time the banks released them they were in dire need of a total rehab or should just be torn down.

The situation seems bad, but not dire.

Hi @Mark Ainley, thanks so much for the response and the strait forward, quality advice. 

@Bob Prisco Its not as dire as you're making it sound.

If you choose to do a strait refinance 80% LTV or cash out refinance 75% LTV.There are lenders that will not touch your personal financials-all based if the rent roll can cover the mortgage payment.

There's a lot out there but I feel like BP and Robert Kiyosaki give the strait scoop.I am in my information gathering phase and loving all the webinars, articles, and resources available.

Here's an example of how rewarding this can be --- hopefully there is no one that is of Santa Believing age reading this forum -- haOur Washer died at the facility - I had to run and buy one at Lowes - the guy that helped me looked like St Nick - somehow we got to talking and he in fact played santa -- so we booked him -- he'd never came to a senior living center before - so it was new to him too - we advertised a family event online - didnt know how many people would come - Our Nurse is AWESOME at decorating - I handed over the business card to her, our exec dir and our activities dire - and said spend away - they have our place looking really Christmasy - and set up our TV room with a spot for Santa to sit, tree the whole 9 and made 20 gift bags for kids -- All of our residents but 4 (we have 33 or 34 now - cant remember the census) participated in some form or another which is an amazing participation rate for us - the smiles --- DAMN that was rewarding - I didnt know if they'd like it or not - they are often forgotten on the holidays -- our residents with heavy dementia even responded well and lit up with Smiles -- We took Santa around to the few rooms of folks that couldnt make it down to the activity room for 1 on one --- He wants to come back next year and we will set it up.Check out our FB -- we have photos there --- those are the little things that make it worth it.