In this case the choices are either short sale or foreclosure.

From my experience presenting offers to individuals who have a contractual agreement with a realtor is almost a waste of time for investment purposes, unless you work with a realtor who is "investor friendly" Most realtors I come across are in their own world.

Now from the tax angle think of an LLC as a lump of clay that you can mold into the type of tax planning that fits your individual situation.You can choose to have an LLC taxed in one of four ways;1.

THEY made the choice to spend the rent on crack, or a new puppy, or a big screen tv - whatever.

Harrison, to my knowledge the four rule created by fannie only applies to individuals.

Welcome to BP.Much to read and learn as well as network with like minded individuals here.

Is there any way that an ordinary individual can get access to exhaustive mls listings for a certain area?

So, about the only DP related choice is do we put down 10% and suffer PMI or do we bump it up to 20% and suffer the bigger cash hit.The simple evaluation gives you a thumbs up/thumbs down reading on a deal.

Failure to pay gives you much better recourse with a business rather than an individual tenant.The key is knowing how to create and negotiate a contract agreement which protects your interests and is financially reasonable.It is common that a PM company in commercial will take the entire value of the lease and charge a % of it.

I don't divide the expenses individually.