When i say insurence i mean property insurence, apparently because its empty its very expensive and so is the excess, if thats the case then why have insurence?

I also check things such as the local craigslist and zillow for homes for rent, but the prop mgr's excess supply seems ominous.

With an HOA, capital items can come in the form of a special assessment.Then there are less likely, but still possible items like lengthy evictions, tenant damage in excess of security deposits or big insurance deductibles.Better math would be:Rent: $1175Expenses, vacancy, capital: $587NOI: $588P&I: $378True Cash Flow ($210)That may or may not be a good rental, depending on what you have invested.

Won't qualify for chapter 13 due to excessive debt and chapter 11 is too expensive.

If I was not clear in my initial post, my question was, at the due diligence stage, is there anything I as a buyer should be careful about because there is no agent involved in the sales transaction.also, how should we proceed to close the sale without any agent involved?

Hi Charley,I am playing it safe with the LLC and the Liability insurance, but I can't afford to take chances at this stage of my life.Thanks and good luck.Peter

Sell the property overseas and when you transfer money from bank to bank do a few transactions with no more then 10.000$ per transaction.If you do so you do not have to fill up the tax form.If your amount will be more then 10000$ you have to show from where money came from....ThanksHi Sergiu - From reading this I'm thinking that you may be referring to the requirement to report the receipt of cash transactions in excess of $10K.

What is the return on staging?

Hello, after a rehab and once it sells, what can you take and what do you have to leave? I'm talking about shower curtains, vanity mirrors, toilet covers, floor mats etc. Thanks!

I thought bank is the only one review the offers, and owner just sign. if the bank approves the offer, owner just needs to sign the paper. 3. is it any way to find the same property @ REO stage, if the short sale fail through on this transaction . thank you in advance & appreciate any inputs.thank you all for the reply.The thing is my agent told me the seller agent will NOT submit any other offers unless we back off.