You would be entitled to all the ordinary and necessary expenditures related to the rental, such as repairs, insurance, property taxes, maintenance, etc.

In this market with so many preforeclosure and foreclosures, it should be relatively easy to pick something up that will cash flow.

Shouldn't it have gone to his estate, then have been given to a relative, or at least a trust when he died?

They have been on the mkt at this price for well over a yr.If the sign out front reads foreclosure (and the relator continually says "make an offer - nobody is 'biting'") is that my green light to make a 'silly' offer?

I found a nice cheap place relative to comps in the area, but it needs a lot of work (maybe $50,000).

AS I am reading this, i'm relating it back to my industry.

Originally posted by Dan O'connor:Dave, Is your site real estate related?

It seems to us both foolish and improper to risk what is important for some extra returns that are relatively unimportant."

It just always seemed to me to be a formula that they can't bend, but maybe that is because I am working with Chase Bank now.Now, I have a related but possibly silly question.

All relatively free stuff here.