This analysis includes SFR's and MFR's.On the other hand, for the lower socioeconomic blue collar rentals (B class), I see rental rates will remain the same or a slight increase as we are still in the absorption period where vacant units are being converted to rentals.

Fortunately he was motivated to sell and accepted my offer of $10,800.

I'm debating whether to offer the remaining people a $50 drop in their rent if it can get them through the rest of their lease.

Hi Hal,I am in the process of selling a 2 family via contract for deed sale here in NJ. the buyer will by taking posession of first fl (original tenants just moved out) and 2nd floor tenants will remain in place and continue to pay me directly.

Bjarne: What motivates you to consider dropping all property coverage?

Hey Mark,Here are my 2 cents...You have done a great job in determining why the family is motivated.

Lenders have more to worry about in Las Vegas than "due-on-sale clause violations".As long as this loan remains "current & performing";...you have a better chance of "hitting the jackpot" at Caesars Palace, than having the lender accelerate an otherwise performing loan in good standing for a violation in the "due-on-sale clause".Spending a few hundred dollars with a good attorney that specializes in these types of land contracts should be worth the money. (...try finding these types of lawyers who are affiliated with your local Las Vegas Real Estate Investment Club).A lawyer of this type can create a new, or review and update your trust/sales-agreement, land contract, etc.Here's a different twist:How about a back-up agreement and a back-up deed?

It might also be fun to share you favorite motivational reads too!

Great jobDon't get overexcited enough to become a motivated buyer2/1 are hard to sell

They are rated as RVs--these tiny homes that have to remain under 400 square feet--so the wheel remain too.At 800 to 1200 square feet you are talking about a HUD rated home, just prior to them going to mobile or manufactured in rating.Cost for these homes are dictated by the owner putting in more higher end options into the home--which, remember, are built custom for these homes because they are smaller.