I have had a water leak swell joints, not tenants fault.

Charging the most reasonable rates in town will tend to bleed you slowly dry.

I was specifically talking about the city inspectors in my earlier post. their ego has swelled up so much, it's hard for them to walk through the damn door.

This ratio has EXPLODED over the past few yrs as states go bankrupt, municipalities fail, foodstamps go from 30mm to 48mm in 2yrs, and the country bleeds unrecoverable jobs.This is a combination no one has seen and historic economic views on deficit running do not apply.

Fannie asked for $5 billion last week to stop the bleeding.

Eric,In Firefox your layers are still bleeding over one another making the text a little hard to read.

You'll be a rehabber and thats the risk you would take.You've just got to become great at unloading.Usually the investor will either move into the property or rent it out to stop the bleeding if they can't sell it retail quickly.

This property will bleed cash if the vacancy rate is high.The bottom line is that you need to nail down the numbers.

"If it bleeds, we can kill it."

It will bleed cash.Here is the way I see this deal, even assuming that the rent will be the higher $1,200.Gross rents: $1,200Operating Expenses: $600NOI: $600Debt ($95,900, 30 yr, 7%): $638Cash flow: $38 LOSS!