From my own experiences, the people moving in Jan HAVE to move; there are good reasons for having to move (need more space because expecting a child, or job relocation, or current home has some issue that requires serious repairs - think mold or fire) and not so good reasons for having to move (foreclosure, eviction, non-payment of utilities leading to no heat, loss of job).

Basically, her entire down payment is gone, and she still has a higher interest rate.

In a place where temps are truly temperate like coastal CA (no AC, and no central heat in this particular house) a lot of the newer windows are overkill.

Well, if you dislike BO so much that you won't listen to him, you'll never know what his basic plan is that he has mentioned, oh, maybe 50 times.Something that went under the Radar Joel, was that many of the large corporations, even small ones, saw the economic crash as an oportunity to clean house, they didn't have to fire all that they did, but they saw the opportunity to cut overhead and increase profits while getting out of contracts, so they did.

There are a lot of things that I don't like in a house - like built before 1940, flat roofs, heat that is other than gas forced air, additions that aren't done right (most additions are a mess).

Even if you price the rent like a much smaller house, the tenants will still worry about heating more house than they are needing.

The problem is I typed a nice detailed e-mail trying to do a basic needs analysis but all he responded with was 10%.

Basically, the current owner is underwater and will take a haircut but is not willing to walk away completely.

Basically if it were only construction I would have bought it.

Basically, at least from what I read, they can force the other partners to buy them out of the deal at any time (based on current appraisal), and if they can't afford it, they can actually force liquidation.