I switched from generic postcards to absentee owner-specific letters in my 3rd mailing and here are some important learnings:1) I actually got some returned mail with my letters, which I didn't get with my postcards, despite mailing them 1st class.

You can get market data from calling on currently listed ads and asking questions about its details, most important being sq/ft to figure out the rent/sqft ratio and what part of town its in.

More importantly about each other and being part of something bigger than you.

These are important decisions you're making about your future and creating wealth.

It’s important to find people you can rely on and don’t disappear.

I agree loan mod's do not work, first of all most are not "modifing the loan" what they are doing is lowering the interest rate and payment and making the rate fixed for a priod of time (2yrs, 4yrs or even 5) the majority of this loan mod's the principal still stays the same so if person owed 600K on thier home they will still owe 600K at the end of thier agreement, now what about property taxes as far as I know you can not "modify property taxes" when a lender agrees to a loan mod. they will now include an escrow account and the homeower will now have a much higher payment with a new lower interest rate, what does this mean to all of us more short sales, now one thing I have not seen discussed here is the Mortgage Relief Act this is very important to keep in mind, according to the IRS this will end on December 2010, so let's a homeower can get a loan mod in 2008 and he loss his or job in 2011 the IRS says now you will get a 1099 for difference of what you bought to what the bank took it back at, what does this mean the howeower would have been better to have completed a short sale in 2008 so that could qualify not to pay taxes on the 1099 they got.

I agree, it's important to pay your debts, but it should not be at the expense of your physical and emotional well being.Just my opinion.

I told him that I didn't receive any notice (email, calls, or mail) from them and was getting upset because in the past year only 2 small incidents occurred at the property (grass/leaks) which Property Management called my cell and emailed me the issues, however now since the tenants were moving out they failed to contact me about this very important situation.

Of all things to prosper in this economy, who would of thought that Americans are rushing out to buy SAFES.There is a run on safes in America.It makes sense, really.... a place to save our money, our valuables, our important papers....The scary part: there is also a run in another industry right now.

However, there's some additional information about 1031 exchanges that is important for you to know.