I understand the bank has to protect their position at some point but, any money we have had access to, has gone to the care of our daughter."

They are so happy that you have changed what was an eyesore on their block.You are doing something positive for the community.

That's the specific job of a licensed agent and if you don't have one, you're in a dangerous position.

Given the Outrageous price of property here Is finding an investment with a positive cashflow even realistic?

All of my rentals MUST have a positive cash flow.

We now have the enviable position of being able to promote our services, www.IDX.net, directly to their 400,000+ brokers & agents.The people we hire will be Internet savvy, high energy, be able to think on their feet, understand the power of online lead generation to agents and broker offices, love closing deals and making money.

You have mortgage, taxes. insurance, repairs, management fees, etc, and hopefully a positive cash flow.

I don't see this as having any positive cash flow with the numbers you posted.ON THE OTHER HAND: Are the rents comparable to others in the area?

Or $545/mo, which wipes out the $225/mo negative and puts me in positive after-tax cash flow territory ($320/mo positive).

Upgrading to the paid position is optional.HTH.Rhonda