You've already seen what a 25% vacancy on one unit does to your cash flow, and assuming the houses are similar house/similar market you can almost bet you're looking at rent roll backs in future.Assuming youf FMVs are correct I'd be out of these things so fast it'd make your head swim.

I never bought a multi unit apartment complex but if I was you could sure bet I will be doing more investigating on NOI than just a cap rate or 50% or gross rents.

Try some popular social network sites like myspace and facebook.

Meanwhile, we've got some really high forclosure rates, and giving an owner-financed opportunity for someone to build into property ownership again seems to be a good way to hedge your bet against transient, destructive tenants.Plus, structuring a separate paper deal for a higher interest rate certainly seems like a good play.

From what I hear these are becoming more popular, as are loads of collection agencies willing to buy them and pursue for the money.

yeah filing for bankruptcy is the safest bet for him. it may sound strange, filing for bankruptcy is not so bad... but how the society takes it takes a toll on a man.if he wants to come out of it read the articlehow does bankruptcy work tell him to be strong and file for it. he can start building his lost credit after 1 year or so...Vik

I'm not sure about the Section 8 thing but I'd be willing to bet they only require you to be up to current code.

Most of the popular books are nothing but a bunch of motivational nonsense.

One attorney also told me that the way I am doing this that the IRS will bet involved.

So any advise, links, etc.... would be of great help to me.Hello there Louise-Your best bet would be to go to every banking institutional web-site and fill out their broker package!