When you can buy multiple units in a small condo, say 7 out of 10, then you can control the board of directors, and none of these problem exist, because every thing is now up to you.

I really like how selling and spamming is controlled and minimized here in the BP forums.

He told me the property is not yet "bank controlled" and will be fully foreclosed on Feb 17th.

Hello All Landlords/PM's, What tenant screening program do you guys use?

I've been analyzing some deals and the possibility of using Homepath financing.I know and have looked up the basics of the Homepath program but wanted to hear from BP nation your experiences and thoughts.Also, has anyone been successful in getting the asking price down significantly or is negotiation limited because these properties are government owned?

I guess my situation could be worse, but I have a great multifamily under contract which very conservatively needs about $20k worth of work to be 'nicely' fixed up- new stucco, paint, carpet, updating bathrooms and kitchens, etc.The problem is I already have an FHA loan, and won't qualify for the ideal FHA 203k program.

So there is a flaw in the search program.

Several are part of due diligence studies I am working on right now for clients looking to get points reductions through Texas Department of Housing financing programs for low income apartment housing construction.

This is one of the reasons that our tax system is so screwed up.Once you let the tax consequences get far ahead of you it is hard to get it back under control.

I do have each person on the lease.The type of tenant base this is however is that say a mother,son and daughter live there.Her sister approaches the mother and says let us move in and we will pay 250 towards the rent as we can't afford a place of our own.Upon our bi-weekly inspections we find that the sister and her 2 kids are there.Now you have 6 using the water etc.The reality with apartment buildings of this age and tenant base is that families consolidate to save costs.They might be renting an apartment elsewhere for 600.Job hours are cut and they move in with sis and pay 250 and save 350 a month.The extra usage of water is what I am concerned about.I do not condone extra people there but want to control extra water usage.