Their credit is usually shot by that point anyway and unless you go at them with a way for them to keep their HOME, what incentive do they have to hand over their equity and their memories to someone who obviously will benefit from their misfortune?

First hand, I remembered why I became a property manager, as well why I refuse to rent from homeowners that employ my services.The ending story is, I will be moving February 1, 2007, I informed the landlord if his daughter the "apartment manager" that is she forced her way into my home again or continues to act as a fool in public , I will have her arrested for trespassing, and endangering the welfare of my child.

On the other hand, living in a half built house can get really old.

Flashy cars, big boat in the water, work 5 hours a week....all seem to go hand in hand with the TV guru's.I know a lot of the guys from the 80's have filed BK, done jail time or are just broke.

On the other hand - buying homes to rent out is pretty good right now because you can get good interest rates, and their are a lot of homes in distress.

YOU need to obtain and pay for proper insurance; YOU need to pay and/or appeal your Real Estate taxes; YOU are ultimately responsible for law and code violations; YOU need to provide oversight to ensure the property does not deteriorate; If you want a "hand's off" Real Estate investment, then look at REIT's!

Tenant says OK and is heading out the door. 2 hours later (the house is 3 miles away) tenant shows up, hands the cash over, it's $250 short.You said you had it all.

I tend to be extremely "Hands on" in virtually everything I do, and always was fascinated by the ways houses worked (Ever seen anybody geek out over plumbing?

Got to see the Trump building first hand...

[b]Notice of Defaults (NOD) –[/b] Leave hand written notes on doors of homes that are in foreclosure.