She is still making the mortgage payment, but is not able to rent it out due to the damage.

That agreement should specify the damages if she is not able to follow through.

you can get a hard money loan for 10-12% with 4 points sounds cheaper or you can use your own credit card at18 % cheaper or a portfolio loan against other properties for 6% ,in short sounds like a giant ripoff

What a freakin pitching performance by mad bum... great game KC was awesome but my boys pulled it out.....

If the seller is not able (or willing) to provide you with income/expense statements, at the very least this will help you get in the ballpark.

I'd also want regular summaries of anything notable that's happened at the property (I include a monthly email summary of anything notable for my clients, timed with when I'm sending out checks). 

Though if one's plan where to acquire some leveraged properties, and then pay them off early, then it becomes a bigger factor.One thing worth noting is that in the example above, the cash buyer is not able to use his cash as an advantage at purchase time.

If they can not obtain needed financing for whatever reason, then they are not able to pay that amount and hence that amount can not be considered market value.

Some areas I know well, others are a giant, black hole in my mind.All of the online sites make it easy to produce geographic maps with SALE prices and SOLD prices, etc.However, where does one go to pull together a RENTAL RATE map?

Then you can force a partition of the property where the court will split the property as necessary (in half in this case) and if it is not able to be split (if it is a house), the court will force a sale -- at which point you could offer to buy the other half.