They're on month-to-month with long-term tenants who haven't seen a rent increase in years.Have a nine (remaining) day period to gain access (due to tenants), assess conditions, and either continue or pull out of the deal before earnest money is due.The problem we're experiencing is that buying as a package strains our liquid reserves to an uncomfortably tight level.

I am also looking for how to tackle a cost effective exterior painting.Even I can help the contractor to do the work if that helps, I just don't want to go through the learning curve of the remaining repairs.Thanks I'm advance.

I would reiterate the point Nathan made in regard to developing a plan to have capital in the deal, no money down or tying up all of your money up in equity is typically not a good play.

I didn't realize that this was going to turn into a post.To answer your question: 2 of the 11 have already liquidated1 as a short sale in Skokie, IL1 sold to a 3rd party at the sheriff's saleOf the 9 remaining:1 is an RE about to hit the market in Fairview Heights, IL1 is a DIL in Park Ridge, IL1 is waiting for confirmation of sale in Berwyn, IL4 have upcoming sale dates (including 1 in Harvey, IL)2 are pre judgment

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction."

And the trouble spots where these occur generally remain consistent across locations.An industry expert on how you can better protect your properties.You’d expect the problems low-income property managers face to be much different than those of someone managing luxury developments.

I don’t want to tie up all my cash here so I’m not interested in doing that.

Thus, we would be responsible for his current mortgage where he owes $96k remaining (about $850/mo), we'd then offer him 1/2 of the proceeds of any rent - present estimate is ~$1800-$2000.

Hello, my friendI've never had a good experience dealing with anything tied to an association long-term.

Principle and all remaining interest due upon maturity of loan.