GO FOR IT>In my market, one of the few I've found you can get cash out each month, here's my basic formula:Total rents-30% for Maintenance and Vacancy-10% for management (even if I'm doing it, it has value)-$100/month profit PER UNIT- all hard costs (except mortgage)The remaining number is how much I can spend on a mortgage...and therefore gives me the value of the property

Because of this I'm clueless except for the home I built for my family.Everybody in my family tree is in the trades including home builders.

Wifey and I will be spending March in AZ for Spring Training and sunshine (except for 5 days in SNOWY Denver).

All this talk about multiple offers shows a market that could be underway towards increasing prices.My condo complex has 340 units and we have had values cut in half with properties just sitting for long periods, no action.Just noticed, everything except 2 units have sold, at huge discounts mind you, but sold nonetheless.Condos are the firt to crash and the last to comeback.

I also do not like putting tile anywhere except the kitchen and bath.

I am interested in Compton, Lynwood, Inglewood, South Gate, Bell, Huntington Park, N Long Beach...anywhere except Los Angeles city.I will live in one unit to start, and I'm not rich, but I would like to be.

You don't have to provide a reason, except for specific circumstances.

James Collins,Steven Hamilton II is correct, I wasn't trying to be outside the scope of business discussion except that my first comment was relating to what Jeff said and laughing about my own family experience.In regards to the remainder of my comments, my advice to seek local legal council, I believe, is sound.Finally, I could have been more sensitive to how you might have taken what I said about your mother, but you could replace mom with wife, friend, business associate, tenant, whatever, and I believe what I said still holds true and was not an attempt to give personal relationship counseling.

Even if John deeds the property back to Bob, the HELOC remains a secured lien against the property (regardless of whose name is it's in.) ...Agreed, except K.

You can always offer more.)Since it's a buy-and-hold, you probably don't need to worry too much about the number of for sale signs - except to gain confidence to low ball them.