While I tend to side with what others have said about cutting your losses, I think there maybe another perspective to consider.As I see it you're about $900 down ($1,200 advanced on the water bill minus $300 paid) plus the unpaid SD.

I am not giving up on recovering my funds, but it is clear to me that I need better legal advice to avoid getting in to these tyoe of messes in the future and a shift in mindset that our legal system is a deterrent for misconduct and fraud.I am happy to partner with others to go after Harbor Funding.

Put in perspective, the variance is over $155 less per month.Originally posted by "molder101":So you are netting $10,280 on this example property before you take out for the mortgage payments... which on a 30yr fixed might equal 700-800/mth.Mortgage payments are about $100/mo for every $15k in principle.

Pittsburgh is not doing well right now from a job-market perspective, but if you are looking for properties that provide cash flow you can definitely find some there.

Everyone see's the world from there own perspective more prospectives/points of view more variables can be pinned down understood and accounted for.

From a China perspective, I can confirm that the demand for US real estate is significant and is on an upward trend.

You can use property management either way, but many property managers don't want them - less money for more work from their perspective.

This is clearly a cost of doing business from a practical perspective, but is it also considered a tax-deductible cost in the eyes of the IRS?

I'm a newbie to BP...love the depth of knowledge I'm seeing on here.If you keep your quest for private mortgage lenders with people you know...are there any disclaimers or disclosures that "need" to be made to these people from a legal perspective?

But, from their perspective, helping you is just creating a competitor who may steal deals from them in the future.