My wife, on the other hand, is interested in getting involved in Low Income Housing and would like to learn how to invest in properties that would enable us to rent to low income families who has lost their homes due to the subprime loan scandals.

I guess some people need hand-holding, or huge injections of encouragement, or the perfect 'plan', or whatever.

On the other hand, if you feel that liars, criminals, and non-paying deadbeats should be living under a bridge, you'll do fine with the tenants.

Seems the knuckleheads in DC think they need their greedy hands in the pot and making the housing market a bigger issue than it should be.

She has lived there for almost 30 years (keeps her apt immaculate) and when I went to raise it the second time she asked if I could keep her rent at the same level because she would be moving out soon to go to an assisted living building that was being built in the area but she didn't know when she would be able to move it at which time I told her that I would be waiting for her written notification to vacate and that I would be raising her rent in 3 months had I not received it.So after that experience I have now decided to not hand deliver rent increases.

Of this low income group, I haven't seen more than a handful of credit reports that were better than HORRIBLE (or non-existent), although many of these people will make good tenants.I would consider lower-middle income tenants to be those that work regularly but at a low income job.

I once went to a homeowner with a loan modification offer in my hand from the bank.

This is just like when that same son or daughter wants to buy their first car on credit and the bank (or your child with bended knee and hat in hand) asks you to co-sign.Second, unfortunately there is not a real line – the line moves depending on whom you ask.

People like to talk about themselves, let them do it.Ofcoarse not every person you talk to will break open and be personal, they will be all about the business at hand, you obviously cannot do anything about this, but if you can get in there and get personal, hopefully that will turn into trust!

If not in default they are probably motivated for they do not have the marketing skills of a real estate agent and need help getting the property off their hands.