I would bet had the robosigning thing not take place, you'd see the judicial states running about the same rates as the non-judicial states - meaning a fairly decent decrease year over year.I also wonder how these would look if you added short sales to the mix.

The tenants in foreclosure act requires that you honor the terms of the lease for bona fide tenants (as long as they are paying fair market rent).

There's an older thread on this topic that has a bunch of links:http://www.biggerpockets.com/forums/56/topics/71209-free-knowledgePersonally, I think these online courses are truly outstanding.

Around here, mowing a lawn 4x a month is gonna cost you $100, unless you have a bunch of them.

I could have easily taken advantage of someone but instead dealt with her honestly and fairly.

Fairly newer vanity, but basic-- no granite or premium finishing.

There are investors that do this kind of thing with HUD homes as well.They sign paperwork at closing that they are occupying the property.Another component of this is fraud to a lender on a loan if you say you will be living there.The reason is lenders give certain rates to owner occupants because statistically you will fight much harder to keep a place you live in.If it's just a bad investment it is easier to walk away hence a higher rate and more down.This property from what you said is 2,400 X 12 = 28,800By half is 144,000 at a 10 cap based on 50% costs.The carpet and paint the bank put lipstick on it it appeal to a home buyer living in one unit and driving the price up.On a quad typically you could expect about 8,000 for the siding,4,000 for the roof,6,000 for 4 outside A/C units,if interior bathrooms and kitchens are outdated about 4,500 by 4 units is 18,000,then water heater and heater about another 6,000 total.So conservatively I have about 42,000 in immediate CAPEX.Every areas cost is different so I am just throwing mine out there.Now the other you say 20 quads total is what you need to worry about.If there are a bunch of short sales and foreclosures from vintage 2004,2005 loans then the new purchaser with a cash offer or a small debt service will rent below market to fill quickly and turn more or the same monthly cash as you.So you starting out at 600 rent monthly might go to 550 or 525 in your development.I have seen this happen.I have also seen even if your building is well kept quality tenants do not want to live next to the other buildings where landlords put in suspect tenants to fill up.Also some landlords with high debt service will drop rent instead of repair to keep tenants so they won't spend tens of thousands out of pocket to rehab.

My state doesn't require you to disclose this, but on a slow news day, the media came to see the house with a hidden camera and asked him a bunch of stupid questions.One time, I had a guy call about a house for rent.

Amber Butler, Steve wasn't digging at you at all, LOL, it's my reputation to jump in and try to keep people from getting into trouble, that's all.You're getting good advice from this bunch.

The buyer's financing could fall thru, there could be issues with the inspection, yada yada.I think they're going thru foreclosure, sat their for a bunch of skipped mortgage payments & now are onto renting city.idk but if that's the case, they should be have a lot of cash.