That will also help you weather any decline in values and not lose your property to foreclosure.

By the time you wash the walls, clean the carpets and wait to see if it still stinks, you may lose a month's rent, so often it is better just to re-paint and re-carpet.

If I refinanced I would get $230/month cash flow out of the property instead of breaking even/losing money each month.

The funny thing is that when I'm in the middle of trying to get a deal done...it becomes the most important thing in my life and I never stop thinking about how I can come out ahead..when I lose out on deals that i really wanted to make work,I go into basically a full depression mode for a few days.

She ended up losing $$$, bc no demand and bad ppl started hanging around.

At least carry liability, unless you're cool with losing everything.

Just saw this topic:http://www.biggerpockets.com/forums/93/topics/75010-will-i-lose-seller-leads-if-iIf you guys think it would be better to answer, you may be right.

I don't know if those numbers make sense or not but if they're realistic, then I have minimized my loses.

In other words, unless the market has improved and values have increased, the most likely scenario is that I'd lose more money by converting to a rental, *UNLESS* I held it as a longer-term rental.2.

-----Agreed, buyers can lose down payment option funds if they can't get financed within the allotted time...and if tenant-buyers wish to place blame outside of themselves and pursue legal action against the other parties involved in the transaction...it wouldn't be the first time.