Here is the press release:http://www.nmag.gov/uploads/PressRelease/48737699a...It looks like attorney generals from few others states may have sued them as well.

You will be hard pressed to collect rents on super low end properties and then end up like 1000's of other investors wondering what the heck you were thinking...

Donny's group is comfortable taking on lower-end properties that many others (including us) shy away from, and Mitch is happy to take on single-family accidental landlords clients (which we don't).

Regretfully he was not able to attend the viewing due to pressing business commitments out of town.1 Check on Mrs shows that the 37-year-old “nice†lady has never had a check done on her before.2 Check on Mr 38 year old also shows he has never applied for credit either.3 Before their current 7-month long tenancy they lived in their owner occupied property in Wellington.

Purchase Price - $45,000Rehab Cost - 36,000 (over budget by $6,000) ARV - $110,000 to $120,000Rent Amount - $1,540 (Section 8)I apologize for the way this post was pieced together as i accidentally hit send on the before photos.

If you are that close, you are either operating on a tiny margin to begin with where $5k would break it, or you have all kinds of cash flow at that and are just pressing for a little bit more. 

I think you'd be hard pressed to make anything cash-flow with less than 20% down and having to pay PMI.

@Jay Helms  From experience, i used to think this was shady, and pressed on for info.  

I have heard through the grapevine plans of new housing developments before they are even hitting the press and have been researching a good location for building storage units near these developments.

Some of it is the process defined in Federal Reserve Regulation E section 205.11Note one thing: If the Tenant presses the "pay now" button and checks the box authorizing the individual payment for those individual charges the Landlord is safe!