Individual Units: Need power washing, junk removed from yard, grass cut, bushes & trees trimmed, skirting tight & neat, no junk vehicles on blocks, homes need painting, etc. 4.

His situation was he was sick of being a landlord.

I think they wash their hands of any problems once it is past their outside shut off.

Or they held long term and it all worked out in the wash (not optimal but still they made money).

So, while waiting for the price to get back to where it was, he will likely lose $33,000 plus will need to renovate the place before it can be sold.

I hear from behind "dont worry about that, the washing machine leaks!"

I see everyone's point though and ultimately for the amount of the fee versus the cost to ensure payment, it's a wash.

the girl wants to lose the roommates though. we probably gross about $5200/mo together.i was considering losing the roommates and downgrading to a 55K condo (900 sqft), but i think the double closing costs to get there washes the deal.but being able to invest the 11K each we would have left over after the switch certainly peaks my interest. . .i would suggest to you to buy what i would in your situation: the least amount that makes you happy, no marble mansions necessary.

In addition, millions of newbies and wannabes have already been washed out of the market with the demise of the "flipping" fad (and lost a bunch of money in the process).If you're trying to improve your mortgage business and have money to lend, then I would suggest joining your local REIA and talking to the SUCCESSFUL investors.

(i.e. laundromats, car wash, etc.)