After going through the crash as a full-time investor, I'm not sure that I want to be there again unless/until I have a much better base of operations (positive cash-flow properties and PLENTY of cash and/or lines of credit to weather a storm).

If anyone wanted to borrow our money and sent us to a website to learn about themselves or their operation, we would likely ignore them.

The markets we operate in are NV,AZ,CA,MI.

There should be an assignment of mortgage which transfer the mortgage from Mariners to Oceawen, even if they are a company successor, since they do not operate under the same name.

That way you can at least get a down payment and some operating income.

Seems like a pretty good operation.

Thanks David Beard It appears that I have been calculating a lot of rental properties I've look at all wrong.So to further clarify:Gross Rent * 50% = Net Operating Income(NOI)NOI - P&I = +$100/DoorThe other 50% of Gross rent will pay for ALL other expenses including: Repairs, Maintenance, Improvements, Property Management, Homeowners Insurance, Utilities, HOA, Property Taxes, etc, etc

Do your homework and make sure that your rental income is enough to cover your loan or operating costs plus you want some cash flow each month.

Marie Poe is absolutely right about operating expenses.

However, an idea may help you to better operate with greater success.Think outside the box.