If your a non-investor looking to finance or refinance your personal residence, a bank is ok,,if your an investor, go to a mortgage broker, and fine one that deals mainly with investors.A good broker knows what lender to approach for what type of loan, who does mortgages 5-10, who has an overlay that might cause you problems,,with a bank your working with a bank employee, with a broker, he is working for you to get the loan.A good mortgage broker is a very important part of your team.andy

Apparently it can also cause the furnace to fail and soot to build in the vents (which would then have to be replaced).

I suppose if it's cyclical, and the worst doesn't come to pass with the stock market or the jobs/wage situation or government debt causing a meltdown, then I can just weather the storm of a 3-4 year price drop because I would still be paying down debt on an annual basis (and inflation would be helping me).Thoughts on this?

I suppose they could trash it the first month and bail, causing more damage than what they would have paid thus far would cover ~$4700.3.

Today, title companies love to get their hands on old Abstracts as they may contain evidence of claims to title that could cause insurance issues.

I notice he doesn't have any properties available in Houston any more, and the ones he has listed must be pretty dated cause those prices are long gone.I've been a long-distance investor in Indy since 2007, and I can agree with Jerry above that while the cash flow is decent and the homes are easy to keep occupied, appreciation has been basically non-existent since I bought there.

My personal goal is to own the least amount of homes at the highest cashflow possible cause at the end of the day it's the cashflow that matters!

If you let him store stuff, you need to put in writing the final date it's all gone by.I let a good tenant take extra time to move out, and it ended up causing trouble with my new tenants because they felt these "random" people just had access to the property (a duplex).

They just got delivered on saturday so they haven't been out that long but I did get one call, maybe 2 cause I had a missed call while I was at work that I have to call back tomorrow.

That isn't enough to start sounding alarm bells and it certainly isn't enough to cause a disturbance of the equilibrium that we see in Detroit on the low end or California on the high end.