Sometimes our weather gets so bad we will lose electricity for a couple days.

That's a sure way to lose friends, credibility and resources.

You will not be able to raise rents until there lease is up so you have to calculate for that period.How many tenants will you lose by increasing the rents?

Mehran, I believe Bill is referring to the 1.3 million folks that are losing their long term unemployment benefits on december 31st as the $26 billion extension has not been passed.

Originally posted by Account Closed: @Will Barnard it was a rehab flipper he was located out of state he sent a contractor over to check out the repairs but the foundation work was 10,000 dollars over my estimate basically the same with the first deal also If additional expenses were uncovered during your due diligence that were not easily identified upon initial walk through, you should have had the opportunity to go back to the seller to renegotiate.

That means I could literally report any Section 8 tenant as deceased and they would lose their benefits.

HUD has fraud hotlines that maybe the investor who loses out to you doing this may use.

A lawyer could easily cost that much and then you still might have to pay.

Just saw an interesting article in Bloomberg News: http://www.bloomberg.com/news/2013-12-23/wall-street-landlord-loses-round-one-in-ohio-school-tax-fight.htmlApparently Magnetar bought up a bunch of homes in Huber Heights, Ohio, because they already had management in place.

It can easily be pierced.