IIRC for every 10,000 forcible detainers FILED, about 2500 deadbeats actually show up in court, about 50 of those mount any kind of "defense" that might earn them a "stay of execution".Of the 2450 that "lost", fewer than 50 are still around when the constables show up (one day before actual moving day-to avoid hassles) to warn them the "the truck is coming tomorrow" and maybe 10 of them are still around when the truck comes.My tenants always KNEW I meant business, so I've only ever been in court 4 times, only ever had ONE tenant show up, she mounted a "dog ate my homework" defense, the judge said, "all cash wins-out you go" and they moved on Friday and Saturday.

And this money is not taxable, and you can also later do a 1031 tax deferred exchange and eliminate your capital gains on that specific property.Also, this effect is compounded if you want to take you new equity and cash out refinance and use that as a down payment on a new property, and simply keep that cycle going.

My answer is that I don't need cash at closing because I am not the one closing on the deal...I'm simply assigning my contract, and my assignee puts up the cash at closing...hope you understand.Thanks again for your reply

So, I'm not sure that there is any benefit to plugging numbers into a calculator when you could simply use the formula above.

We have been exploring the idea of investing in our own property or properties in that area and simply renting out the time we would not be there.From what I’ve read on this forum, there is ton of knowledge out there we could make use of in completing this endeavor.If anyone would like to offer his or her wisdom or thoughts on this idea, we would certainly be appreciative.

But so could amortizing loans depending on the rate of depreciation.Interest-only financing is simply a cash-flow alternative.

I did all the searching for the homes on-line, called him for the lockbox codes ( yes that's not completely Kosher , but he new I am totally trustworthy) and he simply meets me at his office for the paperwork and potential closing.All in all, build a close honest relationship with one or two REO realtors (or just realtors in general ) and you'll do well.Good luck!!

Starting with nothing I simply did one thing.

This creates a win-win for everyone.A fee on additional services should be clearly spelled out in the owner/PM contract.

Simply the window doesn't need to be replaced.