Here are the numbers to put this into perspective:4 identical 2 story units2bed, 1.5 bath w/ parking and laundryPurchase price $150k + $5k buyer premium 25% down = $37,500 cashRepair estimate $40kActual repairs so far $55k (mostly credit)Rent $900min $1100maxMonthly Expenses $2200mo estimated (plus credit payments until paid off)I have utilized my excellent credit to fund a majority of the repairs on 0% interest credit card offers in hopes of having the tenants pay a majority of the debt prior to the promotion expiration.

I would follow up with a post card or another yellow letter in 3 or 4 weeks.

There are endless possibilities, I've kinda brought that up with @Joshua DorkinT-***** to refrigerators, credit cards, hotel deals, rental cars, heck, we could open our own bank!

The jury is still out on using POF that you don't have any intention of using and I can't think of a better way for a company to kill thier reputation with listing agents than to pass out POF letters like greeting cards.

My sample set is the complete record of all property cards in the county.

I had a tenant who was sued for $15K plus in credit card debt in recent months.

Buying yourself a year isn't all bad if it only costs you a fraction of the price...it's like credit card debt (not ideal but sometimes good to leverage for an investment).

These were either crimes, foreclosures, car repos, or credit card related judgments.

The time, expense, and human resources devoted to complying with the tax code would all reduce the productive capacity of the economy.The price of everything would have to be raised at every level of production to cover the cost of income taxes: The farm supply store employees, the farmer, the grain silo operator, the miller, the baker, the bread wrapper manufacturer, the grocer, and the transportation workers at every step in the process would all have their income and payroll taxes covered by the higher price of bread.

If you want to get from, say, Denver to Vegas, you can just summon up a "mobile motel room" to transport you there.