Areas are not war zones, they are a mix of rentals and owner occupied.Financing is typically a 5 year ARM which is a risk, but i do 20-25% down and average a 20 yr repayment schedule focusing on smaller mortgage balances first.Property management companies in my area quote about 10% for management plus 50% one month's rent for placement.

ex: lower end, war zone?

Rich - On a side note, could your drop in occupancy be related to the drug wars?

There is a world of difference in 30k needing everything in war zones to 60k rent ready in most cases.

We've closed numerous short sales with Bank of America as the short sale lender.

Cab companies use this type of LLC many times, where one LLC has numerous cabs and each cab is its own entity LLC for protection of the main LLC and the other cabs."

Not impossible, but I'd suspect they redid kitchens and baths, painted numerous times, replaced carpets and the like.

(if the bank accepts the offer of course)The objective here would be to avoid the bidding war from numerous buyers submitting their highest and best offers and eliminating competition by you being the only offer to the bank.

The war zone pays more, but I'm not interested.

Aluminum was used in homes during the late 60's and early 70's because copper was being used for the war effort.