I am being forced to retire in 4 years, due to pension claw backs by the company, and because my company provides such a poor pension already I needed a way to supliment my income.

My jump was a bit of a "forced" choice when my last job went bye-bye.

Likely you will need to list all deals even if you have an agreed sale already lined up (immediate sales pending status).A license means you are armed and dangerous so the courts hold you to a higher standard than an investor.

Hi Folks, 8) Rise in mortgage rates is continued, 30 year fixed - Rate mortgage increased by .03% and ended up at 6.32% on an average. 5/1 ARM increased by 0.06% and ended up at 6.14% so folks choose loans before further rise.

You may also need to go armed to collect your rent when it's late, and you'll have more late rents and bounced checks on the lower end of the market.

That will make it feel better and will also force you to look for the nuggets hidden in the dross.Good hunting.John Corey

[b]It is a terrible shame for a landlord to fail to plan and be forced to sell/foreclose because they ran out of money.

I assume it must be attached to a 1 or 2% option ARM offer which has you surprised.

The 2nd is a ARM that is about to adjust to make the payment close to $5000 which he will not be able to afford.

Do him a favor and call the city inspector and let them know you were forced to vacate due to exactly what you encountered,, and if you took photos of the stuff send it to him in an email.