THE ANSWER IS NO if the property is underwater and a rejected short sale it is sitting in a grey area where the bank won't negotiate probably hoping the owner will get his s**t together or the bank is unaware about the recent drop in home values in that area for whatever reason....If you could cash flow it the owner would probably not be under water....

Bill back utilities, pest control, water etc.3.  

@Juan DiazOk a couple of things here:1) https://www.biggerpockets.com/users/Pecuniary That account is still open and has no record of being shut down, cooled off, or any other negative actions taken on the part of BiggerPockets.  

It's cool you are interested in Real Estate.  

Food and water are also basic human needs, and neither are free.

There are probably gas and water liens to go along with the property liens.

Hi, New Roof, Water Heater, Furnace, Kitchen Cabinets, and new Paint.Been Vacant 1 month

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I distinctly remember there were things they did with the hot water heaters, and they were advocating replacing the rubber hoses on appliances that use water (such as dishwasher, washing machine, etc) with some kind of metal hoses that are virtually indestructible.There was a goldmine of information about good preventative maintenance steps for rental houses...

Say a guy has a car worth 10k and owes 10k.....he's going to fight for that amount because he doesn't want to go under water at sale.