i doubt it, but you can focus your efforts on your final goal, not waste time on getting back at a terrible agentyou waited too long to realize that he/she sucks. i dont know why people wait for months to reduce price or to take a good look at the true picture.

For this class III property have you identified management shortcomings by the current owner that is reducing CAP rate of the property that you will be able to improve or cure.

Long story short I recommended the buyer go to standard conventional and the appraisal came in at 25,000 below and the seller(Fannie Mae) after back and forth negotiations agreed to reduce their price.

Also, I like condos a lot because of reduced liability, the moment the tenant steps out of your unit there is no longer liability on you but the Association.

We wanted to turn it over as quickly as we could to reduce holding costs, yet we both have demanding full-time jobs (teacher and mortgage industry) and two little kids (5 and 2).

In addition, reduce your risk and losses by having a strong lease and enforcing it.

A regular income may cause it to be reduced or lose it altogether.You might be able to buy it yourself and put it into a spendthrift trust for quality of life advances only, no necessities.

Finally, if you are borrowing against your home, you just lost that "advantage" you had in interest rate from the 15 yr loan which reduce CF, increases DTI, and slows growth.

If something changes when they meet their case worker then section 8 wants to reduce the rent subsidy.

If it does cover all that then it is more palatable as the 50% rule does have that 50% include the taxes and insurance and in this case the fee, which should reduce your maintenance and management costs.Another thing to consider is if you don't want to piss away rent money and you aren't looking to buy another rental with better cash flow potential right now there isn't anything wrong with buying and selling when you are ready to move.