I think banks, almost all banks, have federal guidelines they must follow to participate in government sponsored programs e.g. fannie mae, freddy mac, FDIC Insurance, as well as a plethora of other government sponsored banking platforms.I'm not a banker, so maybe they can apply for a Mulligan, but it just seems odd in todays highly regulated environment that a bank would be able to walk away from a collectable mortgage, even if the cost of foreclosing was greater than the cost of walking away.

I am currently looking at a property that falls into my portfolio in respect to location, property and potential ROI.  

hi,curious to hear what some long term investors think with respect to when to say no to chasing ever increasing prices.   

I also treat them fairly and respectfully and it maks life drama free.  

We are polite and respectful with our tenants.

However, unless you are in 110 degree environment.

Philadelphia is a great market since it has the urban environment that millennials are looking for without the high property prices of New York City or DC.  

It didn’t end the terrible work environment I was in, but it helped to see that the future wasn’t bleak.

If you want a long term mutually respectful relationship with a tenant, lying about whether you own the house or not isn't going to help.I know there are good companies out there,  I was able to speak to an agent yesterday who did take time for my questions and was very pleasant.

The condominium doesn't have too many rules here other than most common sense for a good environment among neighbors.I do have mixed feelings on this situation (too many feelings and no money lol).But I just see the rental price going higher and higher because the condo is located right in front a big university that is also growing exponentially.But thank you for bringing some factors that I should be taking in consideration as well.