But for the time being I am going to sit back and see what happens to the economy.I wanted to make sure I replied to all comments:- is this your first deal?

Better to let the unit sit open until July 1st, when the "free rent for everyone" giveaway hopefully expires.How in the world are people who are not on Section 8 going to be able to get into a rental unit before summer? 

In other words you may be able to sit for the brokers test without the apprenticeship time all of us other folks had to do.

So I go there at 8am or 3pm and sit in an office for 8 hours waiting for people to show up. 

My main reason in saying this is that you simply get a higher ROI when you have higher year-round occupancy  then when your place sits vacant for many months of the year This brings to light a whole new advantage of investing in the southern half of the US, because you’re not dependent on one season for the bulk of your year-round revenues Look, we know this won’t last forever.

We will have to track this on a spread sheet and we will both always know where we are sitting with money owed. 

If your your home sits on the market for a long period of time in attempt to get"your price," the 2 month re-servicing period might not be of any benefit to actually saving any money.  

Youre losing 440/month while it just sits there on the hope youll be able to find a property?

Just reviewed title today with a $400k National City refi mortgage from 2008 replacing a 2004 loan but now sitting behind a $100k HELOC from 2005.

Stuff will sit and sellers will negotiate.