I am afraid this is a case of living with someone you don't like but this is hardly a violation of a lease and is a pretty easy defense on the tenants part to continue the lease until its conclusion. 

Not that I have to explain myself to you big guy but let's not be arrogant and jump to conclusion before finding out the facts ...

Yes there are some things going on, but overall recession is not a forgone conclusion.

I think you are doing a smart thing by trying to understand it before jumping to a conclusion that those doing it are idiots ... you don't normally accumulate that amount of capital by being an idiot :).As to why somebody who could afford to rent one of those units wouldn't just buy a place ... not everyone wants to own RE.

I have been trying come to a conclusion on the reason for several months!

They are big in NW Indiana=what data are you using to come to that conclusion?

@Brent Coombs thanks for your response and participation in this conversation.I hate to say this, but that is where I'm beginning to form my conclusions.

So if the lease agreement is $1,000.00 then you could add $750.00 dollars to your W2 or Schedule C income or whatever you claim on your 1040'sIn conclusion if you have a home on schedule E you won't be able to use the 75% calculation and if you bought the home in the same year you want to use the income you can use the 75% calculation.It's really important to get with a broker or Loan officer who knows when to use the appropriate calculations and also is in it for the long run with you. 

You are unlikely to over-bid if you don't have excess funds with you ...Also, sometimes you will have to pay in full when the bidding concludes, and sometimes just a specific deposit is needed at the conclusion of the bidding.

Also, how did you come to the conclusion that House Hacking is the right investment strategy for your market?