In addition, reduce your risk and losses by having a strong lease and enforcing it.

But it's obvious cash flow beats equity any day of the week.You can get 30 yr fixes, and on down the line use cash flow to pay the mortgages off faster, but the 30yr gives you the option during lean times(loss of employment) new roof etc, to pay those out of cash flow, and not your own pocket.

If the taxpayer redeems after the loss, they get a wreck of a piece of real estate, that's all.

If he'd fought, he probably would have cut his losses on legal fees earlier and ended up with a settlement.

On the other hand, the financial imbecile who losses bus house to foreclosure, then files BK, we'll step right up!

I also use QB 2010.Click on Reports > Company Financial > Profit & Loss by Class.The way I learned is to make properties classes.

The proposed bill would replace Fannie Mae and Freddie Mac with a new government entity that would act as a new federal regulator for the mortgage industry and would administer a fund to cover losses on mortgage backed securities.

I'm guessing that this benefit will offset the loss from PMI, but don't know what the requirements are for PMI or whether there is any way to get around it.

Should I cut my losses now rather than spending money on engineering reports, more inspections, appraisals, major repairs I wasn't anticipating, or should I hang in there to see what the seller can do for me?

The Seller actually reduces their risk of loss by forcing the down payment to bring the debt in line with the collateral.