Eventually I moved and rented out both sides.

Eventually, they'll get out of it for about the $215 I told 'em it was worth, lose $50K or so by the time they pay carrying costs for all this time, and they probably will feel burned and never invest in real estate again.

I guess my goal when I decided to go this route is that eventually I would be out of the red on this property and I would have it forever.

I to will get rich, eventually, through REI.

For example, local vacancy rate, no property is rented forever, management, someone has to take care of the property, it could be you, having said that your time is worth something too so you should be paid something for it, funded reserve, mechanical depreciate in value and wear and tear will happen eventually and it would have to be taken care of i.e, roof, etc. 4.

I'm not loving the idea of my current home's value dropping dramatically.All I can think of is that my current home could eventually become a rental, and I move on to buy an additional house to live in...???

Many guys want to do a sub so they can collect rent, not make any mtg payments, and let someone else go into foreclosure.Wayne: of course rent skimming and eventual foreclosure is a possibility with any sub2.

But, as secured first position lenders we’ll eventually get repaid what we're owed plus costs.

Is your goal to eventually do RE full-time, or would you like to continue in your current job, as well?

Its not Beirut and also remember you better pray that Detroit perks up because a lot of your clients have day jobs in the city and need the money to live in the suburbs and also if your neighbor(Detroit) has rats, so to speak eventually you(your City) will too.