The PITI on the 5 year (seller financed) note plus the utilities he pays (water and garbage) comes to about 450.00 a month.

Those townhouses give us a fairly good income and my parent told me that we don't have to pay any expenses - i.e. electricity, heating, water, etcs.

Most likely, there's more works needed than just sheetrock and carpet since the water may have damaged the studs or electrical.

It would save her on the elec bill & would also add value if I decide to dump it.All my appliances (A/C & Heat, Water Heater, Fridge, Stove, Dish Washer, Washer & Dryer, etc...) are covered under my home warranty.

Another problem, is that when you max out your credit cards your FICO score drops like a stone, making it very difficult to get approved for a cash-out refi.

If I were your agent, I would drop you in a minute if you did that to me.

I just got back from the store with $50 of salt for my water softener, something i have to do 3-4 times a year.

An agent giving you info like that from the MLS may get the agent in hot water with the MLS.

I do not think this drop is based on Obama, well, not all of it anyway.

LOL yes john I am aware of the DRAMATIC price drop from 3 years ago, But im looking at it like this...