Hi all. I

Sharon - all I can say is wow lol my first deal was headache similar to that one.

I've been reading up on all I can find and seem to have a grasp on the basic concepts however information on the general concepts is abundant but I am missing the details.

Jeff I do not consider myself a heavy hitter at all.Currently i have 5 quads for a total of 20 units but I am always looking for more under the right terms FOR ME.I am currently looking at 20 to 30 more units in my same development to purchase.I have an onsite maintenance man and property manager.I am a commercial real estate broker so my day consist of talking to clients and closing my commercial deals and then having reviews with my property manager of where everything is at and how it is going.My properties are value add deals whereby with work we are creating a large amount of forced equity into the project.So my highest dollars per hour is writing contracts and doing deals and talking to clients and working my own investments for myself.Anything else I try to delegate out to workers that make less per hour average then I do.good luck

Thanks, Alli

If this, then, makes the creditor a majority shareholder in the corporation, the creditor could force liquidation of the company.

It seems people would be forced to downgrade to lower quality/lower priced rentals.

Good afternoon All,       I really wanted to chime in because I am in a similar situation.

You fix up the property and force the value to $175k.

For rentals, that's all I look for is 4 bedrooms, if it's a 3 bdr I make sure it has a basement so I can add an extra bedroom and bath.