I know there are many repair books out there but most of them are pretty poor.

I don’t think that would be a smart business decision on the lenders behalf to allow that to happen because they don’t know if the new tenant will have substantial funds to pay the mortgage.

This is a very personal decision.

Some individuals are having a difficult time.During the real estate boom there were still people not doing so well.This is because they made bad decisions and are suffering the consequences of living too high on the hog during the boom.This is the kind of economy that will create many millionaires, take advantage of this time because there is plenty of money to go around.This is just a natural thing in the economy.It is called a correction in the stock market.If you believe the doom and gloom of the media your doomed anyway.Our economy is the strongest in the world period.The question I have Is there food on your table a roof over your heads and cloths on your back.Hmmmm I guess your not so bad off.You just have to give up a couple of luxuries.Maybe you can;t afford that new model of 10,000 inch plasma screen TV oh well.If you have the neccesities and your family there is nothing to complain about.My wife is filipina and i have been to the philippines.

Keep in mind that this 50% rule is a quick, "back of the napkin" calculation of the expenses and NOI (net operating income) and should not be the final decision maker to move forward or back out of a deal.

lolI was a teacher (with poor spelling)...

Ok guys, I’ve made a decision with a bit of a spin.

A lot of cash flow positive properties may influence the decision!

You cannot make a rental decision based on any of these groups.

Because of this philosophy of investors deceiving contractors into believing they were the decision makers when they were merely wholesalers.