Get you deal with the borrower, whatever you work out.

Follow the process and it will work out as best as it can.

My tenancy was three years there, and I'm pretty sure repainting was routine maintenance and the responsibility of the landlord after that period of time.

If you can get the property owner to understand that some might not work out.

Insolvency becomes bankruptcy when the creditors will not or can not work out anything with a judge or consumer.Sorry about being longwinded about this, but it seemed needed to help you understand that your last question is in error.

He was asked to hop on a plane go out to Los Angeles and work out a mortgage modification on a $2.5 million dollar property.

He did the get a job, hard work routine with his kids.

In todays environment and in almost every market nationwide, good rental properties can be purchased at great prices and if the deal is good enough it should be routine for you to borrow the downpayment from your network or have a Hard Money or Private Lender fund the entire deal.Once the building is up and running... then find a bank to do the take out financing.

Thanks Danny, I am working at trying to find and buy something as soon as all the numbers work out, very difficult so far.

If the numbers work out in your favor, it's probably not a bad deal.