They use the brains they have to make the best decisions they can.

We wanted one that communicated with you about the maintenance on the property and allowed you to make decisions on who might do the repairs

what did you end up doing here Erik never got a final decision post

Others (so as myself), are true hard money lenders, the asset alone is the basis of the credit decision.

That should allow you to do a purely financial decision based upon numbers and then you can add in your personal needs and desires for cash flow or if you can afford to keep the property and subsidize it for repairs and such then that might be your preference.

:)I'd rather advise awareness and prudence than taking risks and then defending poor decissions. :)PS, yes I'm a gun owner, just don't let Tim W. see this or he'll claim I only have a Daisey BB gun.

The listing has disappeared from the web site where you had to submit offers to.My agent had called and got the standard reply "the bank has all the offers but has not made a decision".How long does it take the bank to make a decision?

Being very conservative and suspicious, I assume the worst case scenario: poorly-paying and/or non-cooperating tenant (hence listing an occupied property).

Avoid a decision based on emotion.

Find your niche in real estate and learn as much as you can for free and then you can make a better educated decision if you buy some programs or pay for a coach....Always check references and ask other investor's about anyone you work with.