Assuming that you ommitted these expenses on your other property, that 30% will become about 50% when you include the management, vacancies, and capital expenses.My only point is going through all of this is that all of these expenses do occur in the real world.

I assume you actually do know those items, though.

I've been in the market for a Boise-area short term lease (month-to-month, <1yr) and dropped by Faith Landing (a.k.a. your "Trada Caldwell", I'm assuming) this afternoon (15th).

This assumes you are talking about one unit building.

It is not my main concern I just wouldn't know what to ask for.Lastly I'm assuming I would still be able to do this with homes that are up home(Chicago) and doing it form down at school (Mizzou) as long as I was still able to find homes correct?

Jt, I'm assuming you probably already are aware of this, if it is an issue in your state, since you used a real estate attorney to set up your LO, but in WA state any lease contracts over a year must be notarized.

Actually that's not called investing either...assuming you have equity is called speculation.

(Not much equity if any)What I've done since this all happened is call Countrywide, got permission to Countrywide from Adam to talk to me about his accounts and have gotten them to agree to let me assume the loans by simple assumption providing I can get a letter from the bankruptcy court stating that Countrywide has permission to change the name on the loans.

I assume you have seen those?

They assumed by the time the loan reset in 2007 the house would be worth $350K and they could refi into another loan.Instead, the house is now worth $250K.