Furthermore, are you really going to make the argument that the fair market rent of a particular residential property is dictated by that particular property's monthly mortgage payment?

. * I would go to 50% ARV on Rehabs.Ideal CandidateStrong income, Strong Credit, Strong Financial AssetsHands OffIf you have money as collateral in a Commercial bank......They will work with you.They will loan 80% of appraisalIt would be helpful if the bank would refinance these loans once the repairs are completed.Also, it would be helpful if lease options were structured as Fair Market Rent plus more as an option payment.Example:Market Rent = $1000 pmOffer $950 pm plus $200 pm as option payment (subtracted from future purchase price)Future purchase price can be tied to a future appraisal OR a set figure, whichever is higher.Ideal location of homes for tenant buyers - STRONG EMPLOYERS in the area that are recession proof.Consider not giving an option to purchase, but a Contract for Option to Purchase.

If the cupboard was a stock size you could've easily replaced it fairly cheaply.

FL also got very overbuilt, with a lot of the properties behind hocked off on fairly naive investors who got caught up in the bubble.

Fair market rent is probably 1200 monthly.Is there anyway this could work without doing a Short Sale.

Solicit the advice from five more senior members of BP to determine "if" you should do it.I am quite certain that you will get a fairly consistent response.

My first rental purchase was listed at $92,000 and is currently valued at $135,000, down from $165,000 in the fairly tale market of 2006.We rent it for $800 a month and it cash-flows nicely.

My example letter below may not be perfect (and I'm certainly open to other suggestions), but it has been fairly effective for me in my area.

I am a full time PM and would agre with the other post that you meed to read your agreement carefully - but regardless they should treat you like a valbuale clein and communicate thinhgs early and offen - we work very hard at communications and it is a never ending battle - I would call and see if you can work out or terminate Mike

Maybe I am young (25) and naive but this seems like drastic overeaction.I seriously doubt with every bone in my body we need to be stocking up on guns, ammo, food, safes...etc.It's almost laughable.I think we are heading into tough times with a depression looming but come on....Maybe I am just to sheltered in the nice rural town I am living in right now.All you guys are fairly logical and to my understanding aren't total wack jobs.