Have you served them any sort of demand letter spelling out your going to empty the house and remodel ect?

He told me if I ever consider PMing to just go ahead shave my head because I'd pull all my hair out in the first year.Some folks are quite successful at it, but I can't imagine you'd be excited with the $/hour return when compared to rental properties.Another option would be to consider investing out of state - you give up some of the control you have, but can get much better returns and pay somebody else to deal with the headaches.

(there are all sorts of forms online that you can download and edit- just remove the sections that don't apply to you)If you have strong w2 income this isn't so much of an issue probably.

It will sort itself out from there.

You hvae to sort 100's of foreclosures to find large 2nd, small 1st where the 1st is less than quick sale value (potential equity).

Contact Brandon there, he is a pro and will sort things out for you.

@Joshua Gordon,In the past they've always managed it themselves, but now they've moved out of the area now so I sort of co-manage it for them.

If he knows he can sell the house for $155,000 why is he willing to take a 40k hair cut plus closing costs?

May look to start some sort of meetup group to bring a little more life to the town...

Just the assets, which function sort of like a report card for the manager anyway.