My lot has less road frontage and is pretty deep.

Joel Owens would probably argue that the next step is triple net and "A" property apartment complexes - if you were to remain in RE with your money.Other RE investments that require deep pockets are land banking and land development.

If you are hoping for a fiscal conservative to take office, I wouldn't hold your breathe.

Yep Steve pretty much nailed it.After the consumer files a BK they have now bought months and months of time even if the plan isn't confirmed.They breathe a sign of relief and could care less about you the investor.Where the money lies is to keep tracking them on the Fed BK site and look for a motion to dismiss the case or a relief from stay filing on the house.You can get to them early this way as it takes a few weeks to a month to process out the request,the file to come out of the bank BK department,and foreclosure proceedings to start again.I do not know this person hucking a system but it is usually the same knowledge recast with a fancy name to believe it is different.

Ivan, before you go off the deep end of landlord paranoia about liability issues, look at where you are.

Not about the note but this guy better have some deep pockets to be buying at 0.62% rent/purchase price, talk about a losing proposition.

I am almost ready to jump in with both feet.. just pausing for a deep breath before the leap.  

I am neck deep on the rehab of the second one and am under contract to purchase the third one.I learned about the PB forum through the podcast.

As far as america is concerned until you are 18 you get to eat, breathe, and go to school but not much more.

On larger deals (like the one we've been dancing around for months), they want to see if you have pockets deep enough to carry the business (particularly if it is a turn-around deal) and may ask for an amount to be placed into a reserve account, but they won't ask you to personally guarantee a 3+M mortgage.Your funding can come from partners or shareowners, but you need to be careful not to have too many {passive} partners/shareowners our you will be treading into the area of securities regulation ... with a whole new layer of reporting, paperwork and costs.