yes i am referring to putting a house under a L/o contract and then assigning to an investor...or even putting the house under dual l/o and then still assigning. the point of it is that while i don't mind the work, putting it under contract and finding sellers and buyers i can't deal with even a partial month of non rent payers or other problems. i know as a l/o the t/b usually takes care of minor maint. etc and the real owner usually has the burden of the huge "the water heater blew up" kind of repairs but i am more afraid of no rent and me still needing to pay. i was wondering how much a sellers l/o would be assigned for and then how much a dual (seller and t/b already signed/moved in) l/o would be as far as my profits. also with a t/b how much do they usually put down as a down payment?

But, we can't find any evidence of water leaking from the roof.

Just for argument sake, let's look at this deal:NOI: $10,707 per monthMortgage ($1,500,000, 30 yr, 7.5%) $10,500Cash flow: $207 per month or $7.39 per unit per monthSo if the price dropped from $1.5m to $1.4m then $917 per month $32.75 cash flow.To hit the $100 per unit mark the price would have to be dropped almost $400k.

I guess it would depend on how much equity you got in the deal, as very generally speaking every year you hold the property you are watering down your ROI a bit if you got immediate equity at close.

Countrywide’s stock has been so beat up, dropping from around $30 to just over $5.

West coast is coming alive.I am across the water in Hawaii.

I've learned a ton and would do many things differently next time (probably #1 would be not to invest out of state).Because of this, I'm willing to drop my price by nearly $22-$23 per sqft (or $25k off what comparable units are currently on the market for).

I do BPOs, and from what I've seen, the market is going to continue to drop for another 18-24 months.

You open it and it just drops back to the closed position.

Drop in often, check into the threads associated with your goals and keep posting.