If you buy at the right price and manage your business in a professional manner, you should have positive cash flow from day one and every additional property should add to that cash flow.Mike

The borrower may obtain one such postponement.ReinstatementDebtors may reinstate up to five days before non-judicial foreclosure sale.JuniorJunior lien holders may no longer redeem, so they may try to protect themselves by (1) advancing funds to bring the senior loan payments current, then foreclosing for the sums advanced; (2) bidding at the foreclosure sale so the price will be sufficient to payoff the senior and the junior liens; or (3) acquire the property by bidding at the foreclosure.

I'm interested in getting professional advice before I start investing and maybe even incorporating, but I have no clue on how to find a competent RE Lawyer.

As I understand it you can have an engineer and/or tax professional do the chattel appraisal.

They don't lose that training easy and most are great successful employees because they continue that training into their professional life.

Focus on yourself and your relationships with professionals and other investors and go from there.

This way, the tenants become much more invested in maintaining the property and believe they got a great deal on the place making them much more likely to stay long term.† If you hire professional property management make sure you pay based on percentage of rents collected so you don’t incur excess expenses on vacancies.If you have multiple back up exit strategies you can go forward with confidence on any deals.† Just make sure you increase the spread you normally work with to give yourself the most options.

And as a professional photographer, I have to say your profile photo is excellent :D

I know of a vast amount of bank owned and auctioned properties if you are interested.I have rented property in one day's time by listing on free websites such as rentlinx.com, forrentbyowner.com and backpage.com.Since you have one bedroom apartments, have you considered making it a senior citizen building?

Thanks Jon,I am going to try to talk to some professionals about this.