Get with another investor and partner with them to buy properties, you use the money for transactional funding, take your fee, quit claim the property back to your "X" partner.

To the landlords here, I'm sure I'm not the only landlord here to have experienced a nonpaying tenant make a lot of claims about b.s. repairs needed, often from damage they created, in order to break the lease and try to get their security deposit back.

There are those that claim a science to drip campaigns, but I usually get all I can get after 3 mailings (one mailing per month) After that the rate of returned non deliverable cards goes up drastically and it's time for a new list.

BP PenthouseI'm claiming one month free if you choose this one

I'm ready to jump in and create a new forum, but the members need to show that they actually care.If any investor claims that there's no use for such a forum, I'd love to hear why.

They are claiming that this is part of Fannie Mae u/w guidelines.

so i have a section 8 tenant in one of my rentals. she is a good tenant. about a month after she moved in we had the plumbers come out and roto rooter the main line leaving the house. i didnt mind. the cause for this instance could have been anyones, not to mention it hadnt been cleaned out in a few years. no biggie. 5 months later i needed to call out the plumber again. this time the main cause of the plug was someone was flushing down those sanitary wipes, which are not biodegradable. this is purely the tenants fault obviously. bill totalled $300+. she has no way of paying this as she stated. housing authority has her locked in for 2 years from begining of the rental contract. i dont necessarily wanna give her the boot, but this is a business. my real question is: she wants me to take it out of her deposit, then she claims she will replenish the deposit once tax time comes around, around feb- march 2013. is this legal for me to do?

\While you may allow someone to assume more work was done, stretching the truth is "fluffing" and against the Code of Ethics for Realtors, so you need to take care in what you claim. Lying

If the seller is claiming an error, that may be, if they attempt to hold you to it, I might suggest fraud and if they are lying about that, what else are they lying about?

Property management is sue happy.E and O insurance carriers charge money with policies based on data they have learned over time just like car insurance.Usually when tenants and owners have an argument the attorneys say let's go after the property manager.Property management doesn't pay much,is a huge headache,and is sue happy.E and O knows PM is the highest form of litigation claims coupled with construction projects.When a broker sets up a PM company they are smart to keep a separate company so if sued they can shut it down without affecting the regular brokerage or their other assets.