Not sure I agree with your resale pricing expectations.

Expect the worst.

There is ALOT of upselling so expect it but I did learn a lot.

**I expect the goverment to grow, which is a further drag on the economy in the long run** Roosevelt's election to the presidency brought about a realignment political scientists call the Fifth Party System.

Seems like you are expecting some additional declines, which would be consistent with my expectations for Phoenix. 60% of $50K would be only $30K.

We aren't likely to get rain for 5-6 months, at least more than enough to dampen the ground, so I wouldn't expect that there'd be subsidance till after that.I will take dirt over, dig the dirt that's there down enough that I can push it into the "cave", and fill it as well as I can.

To date I have earned more than that $15k in interest and the buyer expects to pay off the $65k note in a few months.

Obviously, I would never expect anyone in bank management to admit this....and I plan on finding the 'who' in this process who has authority to rethink the logic.It's less logic and more ego/emotion.

Then today...Property management gets back to me, saying it received an 'OK' from the owner to type the lease agreement before actual move-in date, but they will wait to hand over the keys until at or near the move-in date (I was ok with this all along, had previously told mgt. that I didn't expect to get the keys before move-in date).So I guess I'm in better position than before.

Rents are dropping across the country and expected to get worse in 2009.