I am willing to work with a tenant to stay under their "deposit", especially since all my leases are automatically terminated at the end of term , unless we both agree to renew.This gives me an out to get rid of problem tenants/owners and renew the ones I want.

Sergiu,No fault of yours, but I don't think you know exactly what happened here.1) The sales price in a short sale is irrelevant to seller, since he gets no extra money no matter what the price.2) Perhaps "the price was too low" means that the lender (1st or 2nd or MI) won't waive the deficiency, without additional money from some source.You need to talk the actual person negotiating the short sale.There are more moving parts/negotiations/obstacles to a short sale, especially if there multiple liens, than the typical buyer will be aware of.Again;1) Does your contract/short sale addensum allow the buyer to back out if the deficiency is not waived....some do, some don't.2) Have you passed a timeline in your contract where "either party may cancel the contract"(typically 90 days) or "this contract automatically terminates"(typically 120 days)?

I see an increasing theme being shifted to population dynamics.

Just because they filed bankruptcy shouldnt be an automatic deal killer but I would tailor my business model to specialize in this type of deal.

Basically, the lease "ends" and renews each month automatically.

In CA (check your own state laws if you need to of course)your contractor would automatically have protection via a mechanics lien, or you could even record a lien if he wants to see something in writing, then pay pay him at close.

If you're using a Fl FARBAR standard contract, it automatically gives the seller a 30 day cure period to solve the title issue.

The last time I check with section8, they said you will need to evict the tenant and & the rennet will automatically loose their voucher if they are evicted for not paying their portion of the rent.Good luck.Tracey

I like the idea of shifting your pay over to W-2 - in addition to qualifying, you might avoid some other nasty issues.

With that said I am on an automatic email from my realtor that only gives me properties I am interested in when they come up.