Wonderful feed back All.

(It could eat you if you don't feed it cash every month).

Landlords have a family to feed too, whether it be the literal dinner table or leaving a legacy for future family.

This can be seen in the neighborhood of KenGar in Kensington MD feeding into Walt Whitman high school, one of the top 30 or so high schools in the country.  

Thanks to both Bill Jacobsen and Mary Bfor your feed back.

This has me a bit confused on making the right offer on a REO there , any feed back is welcome .Thanks,Francisco

Absolutely not, look up "quiet enjoyment" which is the right you give to a tenant, they can tell you when you can or can't do something, won't be long before they get feed up and kick you out or they pack up, leave and hit you up for costs and damages.

Need some feed back in the Trenton, Hamilton areas of new jersey.

I'd face the music that I hear and sell with the tenant and move on, with your money you may have to pay the fiddler some, use the rest, if any, on another property.Another consideration going the other way, use some of you cash to buy another property and let the new one feed this one to hopefully get a cash flow overall.

Don't think there is no competition in small towns.Larger cities will have more people involved in RE, the competition may be more sophisticated, bigger players, more inventory but more feeding off it too.Smaller towns usually have slower turn over, a property that's difficult to sell is easier to buy.