Typical vague law, on purpose so government can define and enforce how it likes.So because the HOA forbade me to rent out as a 30-day minimum rental, which I could easily get $5,000+ in the high season and $3,500+ in the low season from mainland visitors (mostly Canadians), and the zoning department did not allow 2 families to live in the same single-family home, I had to move out of the home and would have to rely on long-term rentals from the impoverished local economy.So with the low rent against a high mortgage just made it not worth it at all and I was losing -$700 per month, even with an optimal renter.

If you would like to meet more like minded investors in your area click on the network tab and enter your zip.You might also want to complete your BP profile to add to your credibility and colleague requests.

The only reason why I might not refinance this loan myself is because there is a possibility that I will work for the government someday (I want to eventually work as a federal prosecutor) and this would make me eligible for loan forgiveness.I think that it is safe to invest in something if you are beating your student loan rate.

Because this is all very new to me, I was hoping to reach out to the BP community to confirm the website for the auction - www.waynecountytreasurermi.com - I'm not from Detroit, or Michigan, and am a little thrown off by the ".com" nature of a government website.I know this probably seems like a newbie question - but I'd like to confirm I'm registering 10k in the right place !

To whom it my concern:I’m interested in networking with individuals that are looking to expand there portfolio's,  I have worked in Government, Private, Merchandising, Construction, Real Estate sectors and have numerous hours and training.

These older buildings make for aesthetically pleasing apartments, but, unless the building has been modernized (particularly the building envelope) in the past 30 years,  the operating costs of some of the old stone and brick multi-units can have operating costs in the 60 - 75% of gross revenue range.The other thing to watch in Saint John is the local economy - which is struggling a bit despite the recent announcement of the refurbishment at the refinery.We've been watching this market for a few years and there are deals to be found, you just want to be most conservative in your analysis to leave yourself with sufficient cushion.Fredericton has a fairly stable rental market - being a predominately government and university town - but a recent wave of new construction has seen vacancy rates climb from 2-3% to 6 - 8% and I think we will starting to see a little pressure on those landlords who provide their tenants with poor offerings.  

Here are some of the liens that survive the foreclosure sale: Government Superior Foreclosure-Liens:IRS-under special circumstances (under 120 day redemption period from deed recording).

I'm 47 years old and I've got a government pension coming, but I've also got a military retirement when I reach age 60.

MF lenders "interview" the borrower (you) and rarely will they lend to a new MF owner /operator, unless you had a "credibility" partner with a percentage on the deal who'll also sign the note.  

You'll quickly loose credibility & access to that investor.