No payments before that date.It's second behind a 60k first mortgage.Property is assessed at 800k.That's all I know for now.

My objective is to buy the house back in 5-7yrs.

Far more important to me than maximum cash flow is for the property to be "as close to self-managing as possible", as I live in Australia.What I'd really like to do is install on-site management who'll operate the landlording business, so that all the landlording becomes their problem.

If the numbers make sense lets get together.Sincerely,Jay Feldmanhttp://www.phoenixsolutionsllc.netThis above all: to thine own self be true, And it must follow, as the night the day,Thou canst not be false to any man.

Let me give bit of info about my self.

You could network with that self appointed REI Genius, Armando Montelongo!!!

You want to give your self at least 30 days to do a short Sale before the auction.

Has anyone used HSA's and if so, have you self-directed it and invested in RE?

Bush has not objected when the big firms and rich executives of Wall Street have been on the receiving end of federal assistance, but now he is threatening to block a measure to aid hard-hit neighborhoods filled with ordinary Americans.I think its an ugly situation that these two entities have been structured so any rewards go to the shareholders and especially executives and risks get moved to the taxpayers.

Many states and counties base the assessed value on the purchase price.