Hope for the best, prepare for the worst.

I am also in South Florida and I know that our market has shifted for the worst in the past several years.

I'm not sure if all those so called economic experts are on the propaganda train when they say we can expect economic recovery in later 2009 or 2010 or if they're just that dumb. We have not seen the end of this by no...

The worst they'll do is reject your offer and hopefully you'll have the opportunity to negotiate something else in.

Realistically, you'll be able to use the tax benefits to shelter the rental income.Depreciation is the worst.

Worst case scenerio is since the wife never signed the foreclosure papers the bank did not have the rights to sell the property.

Write it up right and it is only an option anyway and pocket a few more dollars, at worst you break even and have a sort of satisfied seller.

Almost all my loans have a 5% cap and that allows me to calculate the cash flow knowing the worst possible interest rate scenario.As for the deals, here is how I see them:11 Unit Building:Gross rents: $5,500Operating Expenses $2,750NOI: $2,750Debt (30 yr, 5.75%, $210,000 incl. rehab): $1,225Cash flow: $1,525 or $138.64 per unit per month VERY GOOD!

I think your risk of EVER running into trouble for something like that is extremely slim, at worst.

What I said wasn't partisan in any way (or at worst, it was partisan in both ways).