It sometimes seems the law protects the renter too much and penalizes the landlord just for being a landlord.Best case scenario is the tenants are on a month to month, and even then you have to give written notice, I think 30 days minimum.

I've noticed that a lot of properties listed in the "Properties" tab are listed as Alabama instead of the state they are actually in.

(Notice of Default) List.

I really don't want to do that, even if it were possible.I don't know if any of this matters, we have made all payments timely and I have even paid a few months ahead on the second mortgage. while the rent was high.

Illegitimi non carborundum If you do not know what that means click here. http://en.wikipedia.org/wiki/Illegitimi_non_carborundum Be sure to notice what a beauty of a day we have outside, Booms and bust aside, this is paradise.Always remember, booms follow busts, not vice versa In closing, the words of a wise man.

But, that still doesn't affect the fair market rent....so on the tenant side...no matter where they go...they have to pay rent...so there is no valid argument from them unless they incur damages from an unknown auction date (i.e. out of the blue a bank rep comes up and serves an eviction notice and they are forced out)Whether I go to vendor A or vendor B and buy the same product....the market sets the value...not how much that vendor paid for the product.

just stop making payments; it will take them 3-5 months to initiate foreclosure ( it starts with " notice of default"); but in the meanwhile congress will passs the BAILOUT; then uncle sam will buy your " toxic" note for something like 30 cents on a dollar; after that - most likely - uncle sam will " modify" your loan ( how'bout zero interest plus knocking off 65% of principal - would'n you make that kind of payment ?)

(hint - it's essentially the same thing).Once you can do this effectively, you wll be ahead of 90% of "investors".

Although commission is negotiable, when I notice a client who starts shopping for a 'better deal' or discount, it's time to pull the plug.

Here in Jersey I've noticed prices dropping a little and vacancies increasing.