Jeff Price Long term tenants are profitable. they generally take care of your property, don't require excessive maintenance, and eliminate vacancy.

That will make a big difference, like the Jobs Act getting passed, the debt addressed and less unknowns out there.I'll be just hunky-dory regardless of who gets in!

Okay you go to college and get a degree and get 100k in debt and get some crappy job loaded with 100k debt you can't unload in BK.

If the property has distress, it might be repairs or debt issues, which may or may not affect the comps just like any other property.

I personally have stuck with 4 unit buildings and under because you can get 30 year fixed rate debt.

I figure my time is better spent learning something new, or learning more about something I'm already familiar with.Some of the real estate shows I listen to are:- Real Estate Today- The Real Estate Guys Radio Show- The Real Estate Investor Show (aka Lifestyles Unlimited)- The Norris Group Real Estate Radio ShowI also listen to the following shows, though they're primary focus is not so much on real estate:- The Clark Howard Show (a great all-around show with advice on investing, travelling, consumer news and scam alerts, etc)- The Dave Ramsey Show (primarily focuses on getting out of debt - I don't agree with some of what he says, but a lot of it does make sense)- My Power Podcast (features various motivational speakers such as Zig Ziglar, Napolean Hill, Dale Carnegie, etc)I'm sure there are lots of others out there, but these are all at the top of my list.

That is putting debt service around $38k.Based on the above, the owner will take a $60k loss now if we give keep him in the deal.

Do you know if the property must be sold out of probate court in order to satisfy debts?

The president of my local REIA advised newbie note investors to read Invest in Debt by Jim Napier.

The place is an absolutely mess he has guranteed me he will paint and fix it (haha I doubt it) So unforunately if I show it anyone will hate it.3.If I do go to court I will ask for 1 month rent plus above and beyond for repairs(outside of the scope of the security) is there anyway to garnish wages or make this debt appear on his credit report?