wow, #2 just sounds incredibly shady. good luck with that. also, you are listed as an accountant....shouldn't we be asking YOU these questions?

Completing the application process requires patience, says Nancy Hammock, an associate with RE/MAX Properties in Western Springs, Ill.But in this lending environment, more homebuyers are finding 203(k)s worth the hassle.

Speaking of effectiveness, I would like to know if destroying perfectly good clunkers actually does anything to improve the environment.

Ralph, I agree with you, I was just pointing out that under normal circumstances and speaking from "averages" as Mike uses the rule, it does include them, obviously this unit has incredibly high utility expense ratio compared to rents.

This forum is an incredible resource, but it's no substitute for reading everything you can that's pertinent to your goals.You'll find that it's all useless though unless you actually take action on what you read.

Again, not sure that would work or not.The lending environment is brutal right now.

Most "loan" brokers, not mortgage brokers working in the residential world, might be too expensive for a 4 unit deal to carry.I know you mentioned nationwide... but unless you have a significant level of experience and cash to put into any of these deals, I am not sure that in todays environment you could get financed.In my experience I have found that the best financing deals are obtained through local banks who do business in the communities the properties are located in.

Having spent the last 4 years living in 2 of Idaho's best known resort areas I have been following the return to earth of the incredible bubble prices from 2004 to 2007 rental markets in vacation areas are difficult if you are going to rent to the locals, they don't make much money and they can be transient.

In today's interest rate environment, even the low rates that tax sales are bid down to sound good.

My wife, for example, when she tackles a new project, she’ll go to the bookstore for two days, and come back up-to-date on her new area of expertise.There are, however, many people who like to learn differently – people who prefer to learn in a classroom environment with interactive exercises, discussions, and face to face learning.