I wont be able to make it this time, but definitely soon.

Im hoping due his BK process already being completed it wont take that long J Scott, but who knows.

The next issue is whether the subject property is already suffering from negative equity.

@Simon Campbell this is what I was afraid of, but my realtor says that the short sale wont affect me.

It's been something I've wanted to do for years but have suffered from paralysis by analysis.

Have you approached the tenants to see what type of work was done since the PM wont tell you?

never marked up but when the family understands the bill needs to paid in full or the cemetery wont open the ground....they pay.

Is fully rehabbed and rented now with a nice cash flow.My bank (BBT) initially told us months ago they'll be able to give us an HELOC for an LLC, however once we went this week to actually do it, now they say they only can do it under our personal property , they wont do one for an investment property under an LLC.Bummer...after asking a few banks with no luck.....more negative karma...then I went today to Wells Fargo ( thanks BP for the tip!!)

I learned my lesson, i wont ever do that again.What do I do with an asset that was placed in service and then disposed of with no salvage value in the same year?

Either way, we wont hear anything for a few days.