At the walkthrough after the tenant left a couple of weeks ago, the PM missed damage to to lower shelf in the kitchen.

I hate being the low guy on the todem pole asking questions that probably should already be understood up to this point, but I need clarification on what seller/owner financing is and how it effects both the seller and the buyer and basically how it works?

I'm not sure if short and simple or specific and detailed is the way to go, for my letters to absentees.What do you think is most effective?

I've found that most LLCs that I've looked at have been a revenue generator for an attorney rather than effective protection for the landlord.I never had an LLC for any of my properties, 16 SFHs at one time.

Christian, we did get some minor damage from Ike up here- some roof damage, fallen limbs, blown over fences, but nothing too bad.

I dont know if the value of anything that anyone owns is ever under their control..............but I think that the answer to the question on the topic is obvious....Developers are holding to property longer because of the overall institutional freeze on lending and credit markets, and the effect that it has had at the retail level.

As soon as you have a major expense (roof, furnace, AC, major tenant damage, and lengthy eviction, etc., etc.) you're going to be seriously hurting.

Click on the video in the link to get his thoughts.http://www.cnbc.com/id/26867866He talks about the dire situation effecting the credit markets last week and the consequences of doing nothing.

I think the only thing keeping the dollar afloat is the effect that this crisis is having on all the other countries out there.

But, that still doesn't affect the fair market rent....so on the tenant side...no matter where they go...they have to pay rent...so there is no valid argument from them unless they incur damages from an unknown auction date (i.e. out of the blue a bank rep comes up and serves an eviction notice and they are forced out)Whether I go to vendor A or vendor B and buy the same product....the market sets the value...not how much that vendor paid for the product.