Originally posted by Nicolas Dumm:That was my thought i just wanted to have someone else with more experience chime in, I'm wondering if these lovely state employees avoid the poorer areas of the towns, or might be the landlords just don't care or have the moneyin Chicago this question usually means "is heat included.... in the rent", typical for condo business when the whole building is on 1 or 2 boilers powered by main gas line ...gas/water/heat included in rent (included in HOA as well). if not ...many stay away from those units ...

They pay the utilities (For water I am always on top of it, i ask receipts quarterly), heat and electric also belongs to tenant. (5) My section 8 tenants are very long term tenants, so I am trying to remember how it was initially ???

The house is 1.25 miles from water (charter fishing/kayaking/beaches) all available year round.

Hey Guys,A smart investor would not attempt to calculate profit on a property based on appreciation, but taking that into account, broadly speaking, would it be a better move to invest in a market which has seen a large drop in prices such as florida/california, would a more linear real estate sale history of some of the more northern states in the US which have only seen small gain/losses be better?

As for the home warranty, it does not cover many of the items such as water intrusion, foundation movement, rotted wood inside stucco.

Insurance, gas and water for only (1) unit adds an additional 310 to the monthly payment.

You pay by the month and can drop a property any time.

Repeat customers could call in, stuff was on file, they'd drop off new docs and they got my verbal either on the phone or the next day....just let me know when you need to close.

Chances are you will - have a deficiency judgement, - if there is a second mortgage you will owe that money, - the IRS views the debt as forgiven income (see a CPA), http://www.irs.gov/Individuals/The-Mortgage-Forgiveness-Debt-Relief-Act-and-Debt-Cancellation-- your credit FICO score will drop as much as a foreclosure,and - your borrow-ability with any government agency like FHA will be harmed for a long time.So what is left?

Someone dropped the ball.