. = 3,792 mnthly payments44,400 annual income - 45,508 debt service = -1,108 (loss in year 1)Hardly impressive.

Is that saying that they are only selling the tax debt, but not the full property?

Combined your other post into here.

Dying doesn't eliminate debts.

In my opinion that's the most important metric, return on invested capital.If you leverage your property to 100% with minimal or no cash flow you're pretty much banking on equity creation (debt reduction) or price appreciation.

Banks, and mainly European banks, have large exposure to emerging market debt of all types through both sovereign, corporate and individual loans.

Gay men are free to marry one woman and gay women are free to marry one man.If they don't want to be married (to one member of the opposite sex), then they are free to shack up in any combination that they like: two men; two women; three men and a parrot - I couldn't care less!

To become a broker requires a certain combination of education and experience and generally higher costs.

Seems to me that during the Clinton years, the economy was booming and the National debt was non-existant.

Surely, a property needs sufficient cash flow to cover expenses, debt service, etc. in order to run smoothly.