My sister sent the security deposit accounting back to a student/tenant and the mother called and said she's going to sue her.

Make sure you have a "sufficient" security deposit.

. ($350)One is on social security and is disabled – other pays rent cashiers check ($275)Unit mix 2 x 2 bd/ 1 bth Here are the numbers:Price $26,000 (they will only accept cash) I can come up with about 10k in cash but would have to take a personal loan to cover the restGross Rent: $7,500 (100% occupancy consistently)Expenses –A) $1975 (owners claims with property mgt included)OR –B) $3000 (if I assume a 40% of rents =expenses) NOI:$5,525 (if use A expenses)OR$4.500 (if use B expenses)Even if I was to 100% LTV at a $26K price at approx 7.5% Annual Debt Service would be: $2340So Annual positive Cash Flow would be: $3185 (if expenses A – owner claims) (or $265 a month)OR $2160 (if expenses B – using 40% of gross rents) (or $180 a month)Repairs known (before property inspection) needs new exterior and interior paint (additional $1,500), Roof is approximately 10 years old The money seems small but consistentDuplex Located in Buffalo, New York There have been a lot of foreclosures in that area – some I can tell were investorsOn the plus side, these tenants don’t seem like they are going any where soon.

Real Estate Agents and Short Sale Investors do not mix simply because the SS investor has no security that his/her offer won't be topped by somebody else who comes in 2 - 3 months after negotiations have started.The REA's job is to look out for the best interest of the client so they are more than happy to present a higher offer to the seller and why wouldn't the seller sign it.

Moya isn't registered to offer securities, but that is for the authorities to determine, not us.We were forced to go to the authorities and we are also going to be filing a civil suit against him, if only to make this matter public to spare others from the agony that we have had to endure.

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They will look through the public records and find any "clouds" against the title.

They say it is unethical to give that info to the public, and besides, it is counter to what they are trying to achieve with those leads - to re-list the house.

I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

Everybody wins.Another option would be to lease option the property for two years for $250,000 with a “down payment assistance planâ€.† In this case you get $5,000 upfront to purchase the option to buy the property in two years for $250,000 .† This $5,000 is not refundable because they are buying the option whether they use it or not.† Now you set the monthly lease amount and tell them for every dollar over that amount up to $100 a month that they pay, you will match it towards the down payment.† That makes a great incentive, you increase your monthly cash flow and at the end of two years you just knock a maximum of $4,800 off the sales price.† You will have the $5,000 cash, positive cash flow during the lease period and clear a huge profit when you sell.† If you are looking to add to your portfolio but fear holding too many empty properties your concerns can be addressed.† Many cities are tearing down public housing in favor of giving families Section 8 assistance.