I'd really like to see really necessary wars be run by those in the military, not by some guy who never served on active duty.

You may want to consider selling property using a Master Equity Share L/O.

Hi,I am wondering what other people use as a business model to structure deals on L/O in areas where the monthly rent does not cover a typical mortgage.

The last 6 months of her business with me I had to serve her a 3 day notice every month.

The paperwork and processing can be a burden, and its best to get your information correct the first time to fund the deal properly.I am here to advise and serve, so no worries on whatever you ask.

I did a double close at L Fay Hedden Abstract in Vincennes, IN (on 7th St) several years ago.

If the area is good the other items can be fixed.If the area is bad it doesn't matter what you do.You could make it the nicest building in a bad area and the tenant calls you get from the pictures once they see the area and other buildings they won't rent from you.Then you are left with the type of tenants living there now.Also is to check on how big of a loan balance is on this property.This landlord might have tons of deferred costs because the debt service is taking all of the cash flow.They can't evict the current tenants because they have no money to rehab the units.You also need to know the eviction process for the area.Even if you get a writ the marshals office could have hundreds to serve that month and a 4 day process takes 6 weeks for them to come out.Even if you account for lost rent when buying to evict these tenants you will not know what kind of damage they will do before you get them out.John do not believe the seller or the brokers agent.This might be a deal but only at the right price.The seller cannot command a premium and dump of problems at the same time (unless the buyer is a sucker or a first time purchaser which sadly sellers hope for).

Samansky, Hobby Loss or Deductible Loss: An Intractable Problem (1981), Fla L.

Originally posted by Patrick L.

The house is 1200 sq ft and this is a full attic.I posted this in another forum but l think this is the right place.... :) thanks!