The guidance given to the loan servicers so far is to try and work out a modification of your loan.

I'd be very careful about trying to advise your investors on tax matters.Ideally they'd retain independent advisors who advise them about the tax ramifications surrounding entering, maintaining, and exiting an investment.If you are providing tax advice (and worst of all -- written tax advice) about how a deal is going to work out, they rely on that advice, and then things don't go as planned I imagine you have some liability exposure.

.- Noise:  M and her kids routinely come in and out of the house at 1 am or later (any day of the week) and slam the front door.

The gyms are closed, but he's looking for ANY gym that will let him work out.

If the numbers really do work out and you've done your analysis, I would look into something more like a conventional loan for this one since its so turn key.

We tell tenants it will be returned that way and they need to work out disbursement. 

On a side note had a nice chat with one of the goldman sachs commercial paper work out folks.. its coming.  

Now many of these in CA did not work out well and there were a lot of defaults so for a while they were hard to get through. 

Yall can work out if the purchase price should change.Or don't buy it.

Total ExpensesMortgage           834.43Taxes                 182Insurance             52Vacancy               60Repairs                60Cap Ex               150Prop Manager     132Total               $1474 per monthUnfortunately it seems to work out to negative cash flow at $-247 per month.