Feel free to hit me up if you want to compare notes about North Co.

Even if the balances are zero, if you have too much available revolving credit compared to your income, it is bad.

If that number is low enough to wholesale it or sell it to a retail buyer then you're golden.You're going to need to put a COMPLETE short sale package together for the bank including a P&S agreement, Authorization to Release, Financial Statements and 2 years of the seller's tax returns along with a hardship letter explaining the reason for the default.

And that process absolutely includes the expected return, the level of risk and the fact that no one can predict how any property will perform compared to another.

I saw a report last week that the inventory for sale in San Antonio has significantly decreased compared to last year at the same time.

Yes, my properties can be liened, but I would have no authority to have the utility company shut off the water if they don't pay and it's in my name.

Compare this to the rent.Now, adjust for changes in valuation.

Closing today on a property that is in pretty good shape compared to what I normally see and buy.

Jim,9% is not bad as all compare to the hard money lender in our area.

Then I will get an estimate from a couple of Contractors and see how their estimates compare.