I put 20% down and borrow the rest....so I still have 160k in cash and my tenant is paying the bills plus my "profit"...... the market crashes and all of a sudden I have to cover the mortgage or a portion of it....... since I still have 160k in cash (plus my proft off the rent), that's not really that huge of a big deal......

Anyway, as it seems I am a little gun shy all of a sudden, and clearly a little rusty on my contacts for this process, I am looking for a good referral for a process server in the Phx / Scottsdale, AZ area.Thanks BP!

We have rent escrow court in Maryland - when you involve the system suddenly everyone has their own interpretation of the law and the situation; you're best to avoid it all together even if it costs you a little now - it'll save you in the long run.

Sudden life changes, the purchase of a new home, a job relocation, and other life events can make renting your home an option.

All of the sudden Nashville is hit with the blistering cold that affected much of the country last week.

No formal eviction, tenant suddenly comes back after a two month vacation (?)

People responding to this 4 year old thread all of a sudden... :) 

Tenants are just plain lazy fine for the first month then Poof all of a sudden they forget what was needed to be done and excuses of ..."

I've been fairly lucky in buying deals, Although in the last 12 months with the surge in competition I do find you have to be REALLY quick on the trigger and get as close to the source as possible to lock in deals. good luck!

I came from Orlando which is experiencing a surge in prices.