Thx joel.Chris, neither LLCs are formed at the moment...we're still ironing out some scenarios before we agree to anything.

Jim - I didn't have anything specific in mind . . . just asking general questions for the moment.

I'm watching Bloomberg at the moment, most of the experts are saying that while the downgrade is serious, there's no where else for anyone to turn except U.S. treasuries.

RE: numbers My business associate and I are doing quite well at the moment.

I am looking at a couple different avenues at the moment.

I just found out that a niece of the agent got her bid submitted the moment it went on the MLS then she was out of a touch for several days until the paperwork all went through.

Hard to sell a home right now, mind as well rent it out even if it doesn't cash-flow at the moment.

However, i also know that they have NOT been paying for at least 6 months.Now, i am the type that does not take crap from anyone and i will tell them to straighten up or else.need opinion, experiences, stories, please.never had to deal with this before. i was planning on dumping $7k in this house to fix it up, but instead i might end up collecting rent the moment i sign the docs.

From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.

The area is North of Hoston (Conroe) and I am wanting to hold the property. there's not much room for flipping around there at the moment, I have no problem to cover the down payment and closing but would rather not drop an additonal $20k into it after that if I were able to pull the money from the mortgage.