To answer your question directly, I would leave the tenants on a month to month lease.Mike

I had my own rant, but removed it . . .I'll just leave it at this: I won't be voting for Either major candidate this year - I'm not willing to put my stamp of approval on either McCain or Obama.

SFR - Appraise value 64,000 note 45,000 @ 7.5% 30 yr fixed P&I = $314 current rents $600 Under Option 1 if I simply pull 35K out of SFR 1 and leave other notes standing, my total monthly payments would be near $800 Option 2 with different bank 1.

I did leave open the possiblilty of relisting it for 3 more months, but those other modifications would have to remain in effect.What are the chances the Broker will agree?

Send me an email of all the exact numbers you have accumulated and leave out the address for your protection.

If you keep getting rejected and watch good homes leave the market, then it may be time to adjust to the climate.

Then you can go and clean it up a little and just include that into the price.See there are many ways to skin a cat.

Until now, no one actually made a comment or oprinion on this article, just went off on tangents, so Thank you.To follow up with your insight, where does your view leave us in regards to buying investment RE?

There are a lot of games sellers and brokers play with respect to leaving out expenses, so take the time to understand every possible expense when you are performing your underwriting.  

So, yes, you'll have the checks out there, and you should be able to cover them, but the money's not leaving your account until the contact is accepted by both of you.