My guess (and my realtor sort of confirmed this) is that the market is whacked out due to the after effects of Hurricane Katrina.

Are you in a state that uses a lawyer or a state that closes deals at the title company?

Whether you own the property outright or have a loan on it has no effect on your liability.

You need to find a lawyer who specializes in evictions and get the ball rolling.

(My oldest dd works for a RE lawyer)The dollar houses I want to deal with are lower.

Pat Tarr, who is one of the leading asset protection lawyers in the US, has said that you should never be a one person LLC (even if it is allowed in your state).

The rate cut will have a psychological effect more than anything else but it will do little to solve any perceived mortgage crisis.

A DBA won't provide that protection.Not a lawyer and don't play one on TV.

Realtors are extremely valuable to me overall but in a case like this, having the ability to go directly to the homeowner to make an offer will only help your bottom line if Realtor fee's can be saved.That being said, I wanted to offer my method for making an offer.Granted, this is more effective when the property is "distressed" rather than an ordinary house listed for sale.I don't make offers like most do by offering a number and hope they will accept it or counter.

Year: 2006 Scheduled Gross Income: $13,920 Vacancy @ 20%: $2,785 Reimbursement: $0 Income Item: $0 Income Item 2: $0 Effective Gross Income: $11,134 Est.