Every time I come to this site, I have to enter my password.It doesn't matter if I use Firefox or IE8.I tried to send a PM to Josh, and I get the message: An error prevented this message from being savedPlease check the following: You cannot start a conversation with Ray06492 until they are your colleagueIt was addressed to biggerpo.Raymond

Others say this is waste of money and unnecessary.

WEARING A RESPIRATOR WILL PREVENT YOU FROM SMELLING ANY FUMES.

You can prevent it from applying to a subsequent year by withdrawing the excess from your Roth IRA, but the rules here are different than for the type of correction described earlier.

Texas does allow the vendor to sign an affidavit that acknowledges a contract relationship rather than an employer/employee relationship, preventing him from suing you.

So again, the city and tenants group prevented us from evicting, even though they had been raided twice before we bought the place, they said "they have rights".Well, it got raided, again, and they had drugs, again.

zachary, you've asked or our ideas and opinions from our experience..and then you've shot all our thoughts down...we are trying to prevent you from making a mistake...but hey, it's your money, credit, and rear end on the line..if you truly think it's a great deal, ya gotta go with your gut becuase you know the area and property better than any of us..that being said, i think you're underestimating expenses, and therefore giong to have a lot less cashflow than you expect...if you're buying on specs or appreciation potential, i have no advice for you as that's not my plan....however i own several apartments and rental houses and i can give you my advice on that..pay attention to the 50% rule...8700 a month coming in from rents and washers/dryers..half that goes to expenses over time...so you're left with 4350 for profit and debt service...ideally you'd like to make 100 bucks a unit (i shoot for 150-200 in my market)..after that you're left with 3150 to pay a mortgage...that'd be a 468k, purchase price roughly..these are quick numbers so i'm sorry if they're a bit off...no way i would risk my parents 300k lot on this crapshoot, spec play investment where there's negative cashflow...you asked for opinions..that's mine..i'm not gonna try to convince you anymore though..good luck either way..

And I plan to set up a regiment of preventive maintenance to help minimize some of the issues.

What would prevent the investors from picking up these foreclosures for literally pennies on the dollar, and flooding the market with low priced REO's?

It prevents many assets from actually selling at auction.