Securities bashing is fashionable right now and I am not saying the bashing is unwarranted.

Especially if we also sell a lesser investment and put the proceeds twoard it. 5.

It takes 30-60 days here in Ohio, and if you draft your lease correctly, you can bring eviction proceedings any tenant who causes a problem.

It occurred to me if this was a reasonable business model we could mortgage the house, lend out the proceeds and make what, 7-12% on that?

Regardless if your situation is like mine, or you need a mod, it doesn't matter these are not the guys to deal with on any level.My mortgage person told me they are not supposed to be able to start any proceedings of any kind before 60 days when there is change over but that doesn't seem to stop them.

She proceeded to take off her clothes and jumped into the pool, swimming for about 20 minutes.

You have to disclose you are a realtor on your marketing, business cards, and other stationary (I'm not 100% sure on this one, but pretty positive)I'm not saying this because I'm trying to bash being a realtor.

(One or more of the following reasons may apply to your particular "deal", and it may have many other flaws not covered here.)[ ] Your market doesn't change the numbers[ ] You are ignoring or underestimating initial repair and maintenance costs[x] You are ignoring or underestimating eviction costs[x] You are ignoring or underestimating vacancy costs[x] You are ignoring or underestimating office supply and advertising costs[x] You are ignoring or underestimating asset protection costs[x] You are ignoring or underestimating ongoing legal counsel and lawsuit defense costs[ ] You are not factoring in the opportunity cost of your downpaymentAlso, the following issues may also apply:[ ] You don't like dealing with tenants[ ] You are investing in property out of state[ ] You believe you can use rents to reduce holding costs of a flip property without consequenceI suggest the following:[x] Buy more realistic books on rental properties[x] Walk away from this deal[ ] Do more homework on this property before proceeding[ ] Sell all your current properties[ ] Quit investing in real estate

Ok, here is my background:

My wife and I live and work in Qatar and have since 2006. Our family income is around 140k, with housing provided here and no other debt (besides the house mentioned below) we keep about 1...

I would say proceed with caution.