I'm now behind one payment and am facing foreclosure.

The issues you have are not any different from the issues faced by investors who invest at a distance.

Restructuring loans can be in the best interest of the lenders compared to the losses they will face otherwise.

I replace the doors with custom made doors, made of solid wood in many flavors, then I coverthe cab faces with a paper-thin laminate which is made or REAL UNFINISHED WOOD to match the doors.

Once all the steps have been followed properly, don't hesitate to initiate the foreclosure.Certainly it is possible that even doing so, the homeowner may challenge their actions, and a State court could interpret things differently.

It is challenging not to get sucked into issues on the job site, but without my "day" job, I am not sure if I would have the confidence to do rehab projects.

She looked on with a blank face as I said, "Assuming you will have the property for five months and the taxes are close to 3%, that would be another $5,000 you would face for property taxes."

The out-of-state property management does have it's challenges especially when there are build-out projects happening, but it can be done.I have worked with a lot of what I call "serial entrepreneurs", who don't always just stick to one type of business venture.

If you are going to exit again in a couple of years will the tax rate be lower then or are you likely going to face higher capital gains?

Hi Brian,Sorry to hear about your challenges.