The idea just came to me in an effort to reduce our personal cost of living footprint.Our goal is to do a financial reset.

I'd comment Bill, but it isn't worth the effort.

You'll probably find your next deal with the same level of effort you'll put into this.

We have seen a massive ongoing deleveraging effort by policy makers in the following steps:(1) Tightening the mortgage programs through FHA;(2) "Putting back" loans of lower quality through 2 Fs in order to force banks to tighten even more;(3) Giving incentive to short sales;(4) Pushing forward principal deduction as far as musing on replacing DeMarco; (5) Banning prop trading of investment banks through Volker's Ruleto force their capital into real estate.

I used think think the exact same way, until I realized that my logic was a little flawed.One of the biggest mistakes I ever made in my marketing efforts was to confuse MY opinions as the opinions of the market in which I'm working.

If the reason for the non-closing also affects potential future buyers, the lender could be stuck foreclosing for more than the property is worth.Another factor is that coordinating a transactional deal takes considerable time and effort.

Your probably going to spend time on an apt building around 1 year in its entirety, working the property to get it back to 90% vacancy. ...William Bannister - It doesn't take any effort to get to the building to 90% vacancy; but I bet it's lots of hard work to get to 90% occupancy. :)

It is no longer worth my time and effort.

I think we should pick a city every month or so and focus our efforts on where the deals are at, and what makes sense in the area.

One thing is for sure, whether you win or lose you will get the same standing ovation for their game effort.