Also, I have noticed that the tendency seems to be 5% reduction of asking price every two weeks.

They want 7% to list and yet they don't get the property noticed or marketed, it just gets flung into the abyss with the rest of the properties.

Just noticed that as well, Sunday is kind of strange, but a lot of banks are working on Saturdays now.

Beyond that, be ready to send the notice the first day you can.

Also, i have noticed that some county assessor records here do not show the sales prices on past foreclosure (especially HUD) sales.

May be its the short notice?

You also have to figure holding costs and if you want a quick sale, you have to price noticeably below market (meaning it sticks out in an MLS listing).

A key issue will be whether the tenant gave you notice of things that needed repaired (like the leaks) and whether you fixed them promptly.If you don't have an attorney - GET ONE TOMORROW!

I noticed that the link Jon gave (to the "fair market rent" tools) is not its own page under the "LANDLORD CENTER" to the left of the forums.

The real estate deals analysis here on BP are not nearly as "entertaining" a read, as they were a few years ago. I can recall reading endless posts, of people asking to have their crazy deal analyzed. "I want to buy...