I don't think I will be able to make any more money than normal but I will be able to save a boat load of money by not having to commute to work or buy food.

It really means a possibility of high returns along with a possibility of much lower returns and a real possibility of significant losses.

ACV settlement can present issues in partial loss situations also.

You want it where if you suffer they feel the loss just as bad to their income.

Unless you pay cash for a house you're renting money and its little different than renting a place to live.Do check into casulty losses on taxes.

Either we accept that paper or walk away from closing, then we would loss the appraisal, inspection and credit check fee - around $1500.I sat back and reflect.

So I thought maybe live in this one for 2 years and rent it out for 3 years, same thing with the other one, but with the market peaking, I'm not sure even Seattle is going to keep appreciating, so I'd be speculating, and might be forced to sell at a loss, especially with all the transaction costs.I got two good rentals during the down turn, but prices have risen too much to get into much else in my area other than HOA short sales...

What about the tax advantage of being a real estate professional and being able to deduct passive losses from income?

Then, you contact the loss mitigation dept, send in your authorization, and say "let's make a deal".

No real loss as we didn't really want to use propane if we didn't have to.