Of course, the larger you are, the better the solutions.Expect first year start up costs to run about $10,000.00 in Illinois to get all the licenses and satisfy all the requirements.

So, any sort of refinance is a cash out refi.

Get out there, hustle, find real deals and the rest should sort itself out.

He often framed as a nutcase by mainstream media, sort of like Ron Paul and Jim Rogers.

I'd like to think it's as easy as just avoiding the situation, but it seems like 1/2 the houses I've looked at in my area have some sort of conversion and some of them would cash flow nicely.

It's probably REO, so the electricity is usually off (unless there is very good reason - I went through one that had a sump pump running continuously even though the weather was and had been dry; I suspected a spring of some sort was pumping water into the basement).

Again, if this property was rehabbed, this sort of thing should have been fixed.

I think its a matter spending a little more to hopefully appeal to a larger base of tenants, and maybe even demand a little more rent with an "updated" kitchen.At a minimum I would paint them.

Larger families and combined families have trouble finding bigger homes and seem happy to find my homes.

I'm just wondering if he had to go through some form of Loss Mitigation , but on a larger scale.