People die, become incapacitated, or incarcerated, again, courts may hold up payments, while in default a lender may not proceed.Collateral is destroyed by insured perils but it's not sufficient to pay a second off.Other liens can take priority, child support, tax liens, student loans or government debts, so check the priority of liens, but what also might be the likelihood liens might be created that can still go the head of the line.Fraud in the origination process, by the lender, it may not be discovered until later on, arising from some other matter.I have  no idea what Dave does on a recourse basis.

A book recommendation is contingent upon which direction you want to head.

I have run across a head scratcher....A property owner in New Jersey dies and wills the property to his son who lives in New York. 

While we did compartmentalize, I sat at the head of that table.

But my ruleof thumb when it comes to investing is always:Cash flow is king.People on here always talk about risk and over leveraged based on the LTV.To me, LTV means very little if the house is cash flowing big time.In this case, Joe hit the nail on the head.

@Tina Alcoser - thank for the heads up! 

But, they will mess with your head during negotiations.Don

This one is priced right, but not if its a head ache to rent.Thanks!

Where is the path of revitalization headed?

Just trying to get my head around this because if you are already getting the high rents why do anything?