Also, I've noticed alot of people admit to doing their own handywork IE plumbing and electrical, and most don't do permits and I could just back out based on that clause and the "illegal" work (citing my guys having to redo more than planned) and still keep my earnest deposit Mike here is a link to my contract.

[/size] :protest: I check County Records daily, I probably know more about market value than 90% of Realtors, who are simply incapable of telling the truth.Check 2-3 real estate sites daily, others on a weekly basis.The market is extremely dead right now.Only 1-2 Condos sell daily in this City (100,000 pop plus)The Fannie Freddie bailout will quickly change this, (I hope)I think my $105K is conservative .The last Unit in this complex sold for $154K, (Fall 2005)The Unit was an end unit , and it was in mint condition,I was briefly in the kitchen talking to the owner, glancing about..

And Mike, I just noticed that you are in California.

Tommorrow is 30 days late so I will send notice of default and get things going.

I also noticed that this is starting at number "3".

The rents are (usually) substantially below market; there is deferred maintenance in the units; and the tenants have a Long Term bad habit of not following the terms of the rental agreement or LL/Tenant laws.By shaking things up immediately, they are put on notice to shape up or look elsewhere, and the sooner you get qualified tenants willing to follow the rules, the better.To be clear, I would NOT make such an offer to a tenant I put in, or at any time other than very soon after closing on a new rental.

I am pretty sure BofA, Wells Fargo, CitiMortgage, Charles Schwab mortgage--and probably many more--make portfolio loans that don't meet Fanny and Freddie guidelines.

I just noticed that this was your first post ever on this forum and you have to admit, it sure seemed like you were marketing something.Am I crazy?

So I purchased and gave notice of cancellation at which time the company had said it was on automatic 5 year renewal and just renewed in may when I closed in june.

If the buyer stops paying in a subject to, the seller probably won't hear anything about it until they get the foreclosure notice.