There is simply to much money chasing to few deals in the north east, bidding up the prices.If maximizing your cash flow and minimizing your risk is your objective, I recommend expanding your geographic search criteria.Good Luck,Alan

Our Black Diamond group is next Tuesday in Waltham, URL in my signature, free, no selling speakers or pitches.

I agree with David, and would add that with no mortgage holding costs may be minimal, but you might consider holding losses in your decision.

Not interested in getting pitched products just looking to network and meet like minded people.

The sale pitch in the 80s and 90s was that they were buying the place, they usually didn't trash the place, at least not until they learned they had been set up to fail and lied to, if they got close enough to the carrot before the con artists declared a default, chased them off and said "next!"

Unfortunately, what Bill said is not true in California.According to multiple attorneys I asked, a lease cannot be bk-proof, even prior to the lease being signed.A signed statement from a prospect also does not stop the landlord from being named as a future creditor.Basically, the old rules still apply- screen well to minimize risk.I met the prospect today, and she told me her husband and son just went to an MLB baseball game.Yeah, now I know why she's planning to file for BK.

I was trying to workout my pitch before contacting them again, but that sounds very interesting.

But I would be peeved that they don't have their own inspector; the fee should be minimal in that case because you're just paying for a clerk to file papers, and not for somebody who has some training and thus gets paid a bit more.

Pitching far away turnkey rentals is not the question.

Within the loan guidelines the criteria will specifically call for a minimal contribution from the borrower.