There are properties with very long term leases to AAA credit tenants where the income from the property is so high that a lending institution will make a loan based almost solely on the renrtal income stream.

This case is so overly quoted to "prove" reselling a short sale is "illegal"

Nick,It is so beautiful!

I was just trying to get to the bottom of why there is so much confusion.

Their basis for qualifying folks is so out-dated and at a minimum requires a major overhaul if not outright abolishing - just look at our current crisis for evidence of this.

Of course, many will have the "right" answers for various situations (I do about 1-1.5 hour interviews with several prospective companies), but you only find which ones can put their money where their mouth is, so to speak, when they actually have the property management contract.As a result, I always make sure there is an out for me.

To make it more difficult the tenant pool seems to keep getting worse and worse.I don't think it bodes well for the future of our country that such a large percentage of the population is so self-asorbed and so lazy and completely free of ethics..

The market is so up and down here its just hard for someone with no experience to understand it all.

Same thing with the other "tools" The lowest cost and most profit will be when you can pay all cash, or when your credit rating is so good that your cost of money borrowed is very low.

That’s part of why this place is so desirable to move to chances are the customers will too.