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....

Another con is the tenant pool.

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

If you're going to insist on X number of years on the job, you're going to eliminate a huge chunk of your potential tenant pool.

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

We use the following.Yard signsVehicle signsT-ShirtsHatsSoftball team sponsorshipBillboardsChurch & college bulletin boardsPensBusiness cardsCoffee mugsBumper stickersBumper stickers on water tanks & electric metersInternet marketingSocial media marketingGoogle ad words campaignBing campaign

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.

They always lived below their means, invested every penny in rental homes but their most admirable deal is something more exotic than anything I've seen or read (so far): they bought a water mill (river La Seine, 2 hours upstream of Paris).