What damage they do ultimately comes from what's wrong with them, and if I am being perfectly honest, what's wrong with me.I grew up in exactly this kind of housing, in a family that spent a lot of time on food stamps.

You have to make sure there is enough equity in the properties to cover you and the first lien holder.

It's easy for me to save because of my lack of housing and food expenses, I am lucky to be in this situation, but I've also made the conscious choice not to have a car witch saves me a lot of money.

The ones I can think of that I won't be covering  - Kitchen/cooking (tinfoil, parchment, saran wrap, baggies), shampoo/conditioner, Food (coffee, tea, sugar, salt/pepper, spices), dryer sheets/fabric softener, general cleaner (like a Lysol spray), Kleenex.Any differences for you between what you do cover/what you don't? 

cash flow is just a place holder for when U make money on forced appreciation or organic.for me the only dead equity I would sit on would be my personal residence and second or third home I want to use for personal use. 

So I went to his place and he had left behind about a weeks worth of non-perishable food. 

Apparently, Fannie Mae guidelines say if the holder the Title is the 100% the same as the holder of the LLC holding the Title then its okay. 

Also, the City of Atlanta Watershed is notorious for allowing tenants to never pay their water Bill's and not cutting off services, leaving property owners holding the bag (they try to make water bills stay with the property, not the account holder).

@Douglas Gratz “Subject to a 2nd mtg” is not a term any of us are familiar with....as in every jurisdiction I’ve heard of, a 2nd mtg get wiped if the First mtg holder is foreclosing.On the other hand....if you buy a property at a foreclosure auction by the Second mtg, the First mtg remains, and you just bought the property Subject To the First mtg....I think this is what you mean.Which loan was being foreclosed on...the one originated in 2001 Or the one originated in 2002?  

I'm purchasing a property and allowing a charitable organization to use part of the property as a food bank and distribution facility.