No water penetration.The area where these houses are located are located within walking distance to stores like walgreens, fast food, schools, colleges, and public administration buildings.

If so, I assume the seller could talk them down to 3%.In any case, I have a realtor that I have worked with previously, who is also a friend of mine.

After the boom the prices fall to a more affordable amount, but that price they fall to is still 128%-200% higher than the previous decades fall, or trough.

The previous owner had died about a year before I bought it, and everything had just been left as it was.

Dana:There are private and national lenders who will lend up to 90% LTV for all types of cash flow properties.appartments, office complex units, mobile home parks, self storage units, and even mini mart / gas stations.These are 10 yr notes/ amortized over 20 - 25 yrs.

Self-storage and mobile parks are the hot commodity now.What I look for in a park is one in a jurisdiction that favors or at least has some favorable safeguards in the statutes for the landlord.

that lien i spoke of in previous post was not for the seller - title company got documentation squared away.we own it.

First off, I must say that I do not have any knowledge about renting houses, estates or anything like that, so help me out here.

Here's my question. Me and about three to four of my friends are thinking about renting...

What ever it is I’m over it and ready to make some deals..Now I realize that the market is a bit screwed up right now but I know one thing a good deal is still a good deal and I find them weekly, I just need help securing them.First things first I pay almost $800 a month for rent and storage and that’s ridicules, I don’t have to much cash because all I have to buy and sell with is about 5-8K and without it I can’t operate plus I’m sitting on 10k in inventory.

The attempt is to get away from being the College Spring Break town and bring in the Baby Bommers.