The numbers are a little tight, but if you manage it correctly and as Re asked, they pay all utilities.

It would likely be mortgage fraud if you are not disclosing the full details to the lender.John is correct about the disclosure.

Is that correct?

You have documented the fact that you know the loan is not correct and that you are not comfortable with the transaction.

Jon - is correct your best bet is going to be a local rei club.

John, One thing a lifetime in big iron has taught me is that numbers never lie....but they can sure be twisted and baffling, often times subject to perspective, interpretation and even distortion ( try politics ).Here are some more:Actual Foreclosures, or more correctly REO's ( pre-foreclosures not included ) are running at 130,000 a month.

Austin has high taxes but if you manuever it correctly, you'll be able to bypass this.

Tnen immediately renting them out or installing a Lease Option to Purchase "buyer".A major benefit to the recent "Correction" is that for the most part the SPECULATORS have vanished.

galvin,As a general rule you are correct.

The point the authors make is that while many people are leaving the marketplace due to the media's drumbeat of "crashing RE markets" and the increase in market supply, savvy investors should be buying as many good deals as they can instead of sitting on the sidelines waiting for the market to finish its correction.