Here's how I see this deal:Gross rents: $1,200Operating Expenses: $600NOI: $600Mortgage (30 yr, $65K incl. repairs, 7% NOO): $432Cash flow: $168 per month, which is too low for me - I like $100 per unit per month.It does cash flow, but multi-units can require higher than 2% to cash flow properly ($100/unit/month).

What it has done, is created a hardship for honest investors like ourselves.I don't invest in New Mexico so don't know the laws and rules there, but I would ventire to guess you can do them, you just need to make sure you follow the proper protocol.Perhaps some NM investors can chime in.

Is Litton one of the servicing companies that keeps the negotiators off limits, or do I just have to try to entice her to call me via fax or e-mail?

Unless you elect to take a Schedule A deduction for property taxes and investment interest, there is nothing to report for 2008 and Schedule E is not applicable until the property becomes a rental.

1. e-mail2. property analysis 3.

- Energy Star appliances- Dimmable lighting / Eco bulbs- Cork / Bamboo flooring- Low-E windows- Energy Star water heater- High-Eff furnace- Convert fireplaces to gas- Convert oil utilities to gas- Add/upgrade Insulation- Set-up recycling bins.. just to name a few.

I guess my question is; What is a proper plan of action on buying and holding?

Yes, yes, E, you are right.

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The fact remains that this agent, along with a ton of others, have no idea how to work with investors, have no idead how to properly work a short sale, act in an unprofessional and unethical manner (particularly this guy), and I have grown tired of it as many other experienced investors have.The fact that you are an agent, should not be a factor in your attempt to defend this guy.