Hi everyone,Is there any downside to reducing the rent for a tenant by 1/4 just to have them keep an eye out for anything that needs doing or watching over the property?

At that point I became googly eyed and started saving as much money as I could and researching real estate.Fast forward a bit.

Financial literacy is one of the things sorely missing among our citizenry, in my opinion.If the Department of Energy--which has done literally nothing since its inception to make our nation energy independent--can be a Cabinet, I don't see why a Department of National Financial Literary can't be instituted.

Sorry for the rant but you hit a sore spot with me.

Certainly many people went into these loans with eyes wide open, and were prefectly willing to take on a loan they couldn't afford, since it seemed RE would appreciate at 20% per year forever.

Its also been said,,,if you have a place in the country away from prying eyes and can bury it,,,its gone,,,and was told it really isnt illegal to do that,,,maybe they were wrong,dunno.

That should keep you busy for a while and could very well be an eye opener for you.For you to insinuate that I somehow have ill intent, or am not versed in my practice is counter productive.

I've always had my eye on real estate and this time I'm taking it to another level.

Stay away from neighborhoods where vehicles are parked on the grass (if there is grass); where yards are strewn with junk, where tall weeds grow where there should be grass, where large groups hang out on the streets, etc.On the other hand, if you find a property that's strewn with junk, has weeds, vehicles in the yard and it stands out like a sore thumb in a NICE neighborhood, and it's for sale, jump on it.

I might check before my other eye closes!