Renting and old house comes at a price, and she's not paying for and should not expect to treat the landlord as a free "rent a husband," only for legit landlord needed repairs.

NEW oak hardwood floors are about $2.50 a foot,,,,so IF I take this out carefully,clean all the nails,treat and handle carefully, store and WAIT,,,AND find somebody that is willing to use it,I can sell it for like 25 cents a foot??

So, if you use the interest rate you pay on the loan as your own return, and treat the down payment as a loan to the property, then the value calculated above is the max PRICE.Now, if you do a straight purchase, you'll end up plunking down 25% or more.

You will probably not break even on a cash flow basis for a year or two until the economy recovers enough so that more people are ready to vacation.Another opinion, I would recommend the Gatlinburg market if that is somewhere that you would enjoy going on a regular basis and treated this more like a second home that you rent out as compared to strictly a rental investment.Why do we have 4?

Ultimately, if your payor failed to perform, he is treated like a tenant (and can be evicted) as opposed to a owner that needed to be foreclosed upon.

Typicaly how much do you treat your investing like a business?

I own one park that produces its own water, treats the water and then distributes it... the same park own a sewer processing plant that would be a lot like the one a city would use... just smaller....

You want to know how they are treating your investment and you want them to know that you will be in their nickers until they are caught up.

Sheldon is spot on with his answer about this being treated as though it is a 50/50 partnership.

I believe that agents should treat others, especially other agents as their secondary clients and give them some basic customer service.