Quote from @Gene Livingston: Quote:  However we are scared.I'm not your financial advisor, but perhaps you SHOULD be scared, especially if you are risking your home equity.

Gene, it has not been easy, particularly for a hot blooded Italian who would like to go old school on these people, but better judgement has prevailed.

@Gene Finley what is the purpose of moving your renters to a new unit and not keeping them in the one they are currently in?

@Gene Hacker interesting times indeed.

@Gene Jung well, sure. 

@Gene Jungcertainly there are personal preferences and values involved but in general you get better returns from leveraged real estateyou will also be able to claim depreciation as an expense, which helps offset any taxes you might have to pay on net incomeconsult your CPA for more detail

@GENE SCHOLES hello I saw one of your posts registered rentals in Moberly MO would like to know if you'd be willing to share some referrals on contractors or property management In the area.

Gene,Best two ways to make money and buy multiple REI's quicker is either "All Cash" purchase of a property and immediately do a "Delayed Financing" loan.

Full disclosure, the gene that allows me to get flustered never matured. 

@Francis-Gene Acosta I would actually recommend contacting TransUnion as they should be able to pull the report and get more information on the address that caused the flag before you ask the applicant about it.