I have depreciated all that I can & because of my current situation tax on them profits will be stinging.Obviously I could do a crap load of upgrades or even expansion, but park is located over 700 miles away in the heart of the Smoky Mountains.Never a vacancy & a waiting list if ever 1 old tenant should pass - Senior all Adult Park - The Real Estate Broker - said SELL SELL - but her formula was 100 - 120 x's the monthly gross rent receipts.

Have you ever done rehab work before and understand the costs, any potential permits, etc.While you might save money doing it yourself, please calculate in the holding costs while working on the property that you might save by having it done by a professional as they do it better quality and faster!

It is my sincere hopes that the real esate professionals take a long hard look at the changing market place and step out of the box.

.* Are there any other senior encumberences against the property (is this a 1st or 2nd position note and are there taxes due.)* How much value is in the collateral which you've stated is around 40-50k after repairs.* What is the general credit worthiness of the payor?

Use the professionals (including realtors). 20.

Several weeks later after the guy paid me and moved in I drove by my old place and noticed an old Lincoln Continental in the drive with a personalized plate that said "freakshow" and A guy got out of the car who looked like a professional wrestler with long hair and tattoos, pretty intimidating....this was my new renter.

They might appraise for less than replacement value, but by definition an appraisal is an opinion of worth by a professional disinterested party.

Can I type this into a contract to make it look more professional than simply writing out?

This is considered the largest annual decline since the last recession of 2001 when banks started tightening credit.The Federal Reserve also conducted a survey in April this year of senior loan officers which reflected that 55% of American banks had tightened their lending requirements for commercial and industrial loans to small and mid-size businesses. 70% of those surveyed said they have made the loans more expensive.With the Federal Reserve trying to keep interest rates low so that money is available to jump start economic activity, the banks are not going along with the plan by holding on to their money.

I have yet to invest in anything yet, I am only a senior in college and need to do things before grad school next year.