Search for "50% rule" and you'll get an education on all the other expenses.First one:Rent: $1100Expenses: $550 (50% rule)NOI: $550/monthNOI: $6600Cap rate: 14.7% ($6600/$45,000)Not bad.

From the ones I have been watching (all public record) it seems the lender average to take possession is about 9-10 months from the first date of delinquency.

Those jobs should be a public service, not a career.

Furthermore...if they aren't paying rent then they are probably owing money all over town...their reputation is shot anyways.Would a public eviction damage their reputation?

They all made fewer mistakes than their financial peers,were pretty large risk takers,and involved themselves in either public companies,highly leveraged LARGE acquisitions or oil and gas.

"This proves once again, that BiggerPockets is more than just a site for social networking or real estate education and information; it is a site that helps offer solutions to the increasingly complex real estate and economic issues of our times," says Joshua Dorkin, founder and CEO of BiggerPockets.com.

I am new to this and am in the process of educating myself before making my first purchase.

Shine a little light on them in public and they yearn for the darkness!

My partners and I are just finishing up the education phase of the trip.

Anybody have any experience with an IRS Public Auction where the IRS is auctioning off the right, title and interest of the Taxpayer in and to the property?