Account Closed I agree the a/c must be working.

The trend has been strong and across many zip codes with gains from 4%-13%  zips 89119-89123-89118-89109-89102-89101 and 89030 have been very strong These run the gamut from southwest to northeast with of course heavier volume in the north east It is a broad deep rally with multiple offers on many listings  PM me if you want some of the reports  with your email Account Closed

I got 2 small perrsonal checks from him at closing on a couple small items which gave me a bank account to go to the sheriff's office along with my writ of execution and they seized the money from his account as I timed it for a couple days after he collected his rent on a llc and moved it into his personal account. 

Originally posted by Account Closed:@Chris Irvin There is more to it than that.

Here's how I attained both in a relatively short time:-I worked for a Big 4 Accounting Firm auditing the financial statements of the biggest names in real estate..

Last question:How do you account say $20,000 of fixing up the property to make it rentable?

Originally posted by Account Closed:@Barney Trader Talk to a lawyer and I don't think you can evict anyone unless you are the owner and if the tenants took you to court they will win.

A building that I have less than $350k into yields a $51k annual NOI.

Taking a "loss" certainly has some nice tax benefits (especially if you have a decent W2 job), clear those with an accountant.

Account Closed, thanks for quick reply, It took me a month to rent  last time, not sure what to expect in Sept,  as the house is located in top school district, I am assuming all relocating to neighborhood must have done it by now.