They still would own the property and can sell at a later date and be afforded a lower mortgage payment until that time.

Here's the situation:My sister-in-law is in serious debt and can no longer afford the payments on her house.

Lou it might be because prices have gone so high there it makes the affordability index bad unless you have a very high income.

I did turn away some potential tenants along the way, but generally people who can afford to pay $3k + a month in rent aren't going to destroy your home.

The idea is to build additional units as we can afford or look for investor.

Because I have max that I can afford to pay for houses.. looking up cases and finding them to be $190+ is shocking and sad because I know what these houses have been selling for and that is not close to what the bank wants for them.I know that the booklet had way more information than what i saw.. but I only got a quick glance at it... and if I had son..

I'll bet any real estate attorney there will be friendly, they get even friendlier when you pay them.If you mean those that advise you not to do some screwy, dumb. stupid, hair-brained, unconventional, guruized, scamming or illegal activity, they aren't being unfriendly, to the contrary, they are probably being very friendly keeping you out of trouble you can't afford to get into.Call Realtors in the area and get references for a good RE attorney, see who the Board of Realtors uses or has used, ask your lender for the names of three good ones.Forget about trying to get a good attorney to advise you to do things you shouldn't be, adapt your methods and strategies to their advice!

As I go I make sure in a complete collapse I can afford to pay for the houses on my own until I can get rid of them.

Sometimes a debtor will buy back some assets from the trustee if they can afford it.

I use Investway, which is a paid site, although I have been considering using RealQuest.FindCompsNow has been frustrating....seems inaccurate and when I tried to join, they send me a username and password that NEVER works.