The heating systems are older boilers that run the hot water straight off them.

Straight from HUD's web site:Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability).There may be additional protected classes at a state or local level.

So that is what I mean by the TV will be the SEV – that is the same in most places around the country but since tax levels are way less – like this very same property in OH or MS or AL may be $1,200 taxes for the year – so if your off your only off by a few hundy a year – in places like Detroit if you don’t understand how the tax system works you could be off a few hundy a month – not a year.The reason your other property has the same TV and SEV is because the year you bought it they were brought to equal – if you look back in the tax records you will find the year prior to you buying it they were different (unless someone else bought it that year) etc…..From a straight numbers game since this is cash on cash you need to figure out what return you want / need but I think $30K for a duplex is way overpaying in today’s market – not just in Detroit / Michigan but in a lot of markets – I wouldn’t pay that in most of the markets I work in.Not sure if your property is really in the city or in the burbs or whatnot but there are better deals to be had in the city for sure – just my opinion and this really depends on the type of hood you buy in.But – I would examine three things….when you started this thread:-You were going to pay $25k – now your going to pay $30k-The rent was $1,600 now the rent is $1,300-Your taxes were $2,000 now they are $4,300How sure are you right now about your other numbers and assumptions?

My first deal was a straight cash deal so I've never had to do a formal "presentation" to a lender to request financing....

Let me get this straight: Since we are basically defaulting on our debts with our biggest financier, the country of China can 'foreclose' on the U.S.A.?

Sure enough there was a crack from the wall extending straight out about 3.5 to 4 feet.

Just last week the House Ways & Means committee voted 26-15 in a straight party line vote to kill an amendment by Rep.

They have the right to go after the property owner-where as a straight 2nd, usually gets wiped out.

yea i got a thought. get a home, owner finance it to the person that will be going into foreclosure (if they have a job, im assuming it was adjustable rate), take the down payment that they havent paid on their mortagage for the last 2 months and anything else they will give for a down.then find a renter, get a lease going for 6 months out JUST enough where they have 90 days left after what you think the foreclosure date will be and collect straight rent off the place for 6 mo!!

Well it is 90 miles almost straight north of Indianapolis, and 45 miles south west of Ft.