I'd keep looking for other properties.I do see your point about being frustrated dealing with people that aren't responding timely to your offers.

The only solution I can think of is to 'try' to talk these people out of getting into the loan we know they can't afford?

Thanks for the reply Ned.What i'm trying to do is find something I can do as a job,while also learning as much as possible about the rental business.I like having as much information as possible.Since my post i've thought alot more about it and think I might be more suited towards property management with my current skills.It seems to be a better avenue to learn the business than simply getting a real estate license.If I do get into it though,I would plan on getting my license simply to add an income stream if nothing else.The courses and testing/licenses are very affordable and I love adding to my education.Real estate law seems to be something really good to know if your buying/selling real estate for profit.

"affordable housing" is turning into free rent, paid for by uncle sam.

People get excited when they see an ad and then write the person for more info, but deep down inside can't afford it or haven't really thought about it.I'm sure it would be helpful to an extent, but I wouldn't make any financial decisions off of the 'interest' a CL gets.

I'm thinking about buying 3 or 4 condos in my area at the same time, I recently gave my info to a mortgage broker and he said with my debt-to-income ratio I can afford to borrow around $160,000.

It's very frustrating, especially since values are dropping as each day goes by.I guess it just comes with the territory, but it sure is frustrating.Steph

If my principal amount could be the same as a new buyer's will be, on short sale, I could afford to keep it.If this is impossible, we do plan to sell short.

Someone buys a house they can't really afford.

Whenever I'm selling a home I always get frustrated with the amount of investors that call me and the first question that they ask is what the mortgage is on the property and if I'm interested in them taking over payments, etc, etc.This actually just happened a couple of minutes ago which is what prompted this email.Just a word of advice:Try talking to the seller for a couple of minutes and building a relationship with them before asking them who their mortgage is with, how much it is or if they would be interested in letting you take over payments.