The rise of Foreign Auto eating into the Domestic Auto Markets was a sure sign, all you had to do was look at the stocks of each of the big 3.

He may have bought a Deal property and fixed it up to Sell, but, now the carrying charges are eating away at that Profit.

Most heloc's are set up that way and many find them selves in trouble when economy changes.I would NOT do this to buy rental property unless you were buying some of those super cheap homes in the NE  say 20-k all in that rent for 800.. and your right there to watch them like a hawk. maintenance and cap ex will eat up your money quicker than you relalize I would only do this kind of capital for quick flips in and out profit each deal.  

(do I come straight from work, or eat beforehand?)

The insurance eats up cash flow.

My friend Mike says he'll mail before he eats so stopping ought not be a choice.

The second level, all tile, has another living area, eat in kitchen and small dining area.

I think this system is like goal setting - setting a goal of increasing your net-worth is exciting - you always look for that equity to reach $1,000,000 -  WOW - keeping score by setting a goal filters from your conscious mind to your subconscious the never sleeping subconscious mind is always planning and directing to your awake mind - things to do to meet that goal.A great way for the new investor or burned out old timer is to start the real estate learning or relearning process is to use a system I've recommended for years - The 50 House Rule -Look at 50 houses in your investment area - do this only with absolutely no intention to buying or making an offer,  look at FSBO's, with agents and open houses - keep a journal with copious notes, record what sellers or agents had to say, price, days on the market, history of reduction, your opinion of seller's motivation, date - your thoughts.Doing this will help you understand the MARKET in that area - you can't be fooled by sellers or agents - you'll be smarter than most of the investors and agents in the area - you'll know and recognize a bargain when it comes your way.

I personally don't like manufactured homes and at that price point, the HOA fee for the condos will eat half your rent. 

Maybe this is a good thing but I would like anyone from the community to help me going forward.Im thinking I should let her break the lease eat the cost for the winter time while fixing the property and then during the spring rent it out.