I have a question and am looking for some feedback (advantages or disadvantages).I am 29 years old and have no debt obligations.

I think more of what you are asking is how the occupancy level and accuracy will affect what kind of loan you can get and how much you will put down and how much the debt service will be.A regular lender at 90% occupied maybe 6.5% fixed at 75% ltv.If you get into value add deals you will pay points and a much higher rate to fund and lower LTV.You will then need to refi after stabilizing about 1 year out.So you build the carrying costs into the amount of time needed.The books will determine the verified income and actual costs.From there you run your desired cap going in and that tells you around the price you want to pay.Now if the books are out of normal standard margins you have to ask yourself why that is (deferred maintenance,undisclosed credits to tenants,disguising fees paid to themselves in other line items,etc.)

If the property is included in the bankruptcy there is an automatic stay and it is a federal crime to try and collect a debt that is in bankruptcy protection.

They usually just don't know that much about RE, and I find that they aren't very helpful to execs and heirs with problem probs or estates with debt issues.Jon Holdman What's it called in TX when you submit a contract to a title company?

I am married with children, have no debt, monthly expenses of about 3k a month, and about 150k in the bank.

After Dave & Frank took over the site this was modified to 70 instead of 60 and I am not sure if they eliminated valuing the vacant lots in the MHP.

The annual debt repayment will cost you $9,380 leaving you a monthly payment of $781.70.

I've read some posts about turning things over to a debt collector.

That's the same thing as Iran, gotta recognize this is America, you must allow others to enjoy thier freedom just as you do.Ryan has spent his whole political carrier trying to invoke limitations to, and eliminate, abortion FOR ANY REASON.

Paying off the debt is good, however, you want to have $ for the reserves.