This is called "catching a falling knife" Just think what position you would be in if you accumulated property 3 years ago.

Thanks in advance for all of your help and I look forward to a positive 2009!

If you're covering that with the loan proceeds, you're in a shaky position, long term.

The one thing about HUD that is both positive and negative is that you have to close in 7 days from the day you set the close and this is good if you have a buyer for the home but if you set the close and for some reason the buyer misses the date even by one day you have to wait another 7 days.

I have done the math and even with the 50% rule I come out with over $100 positive cashflow.I know this is a general question, but am I missing anything??

The one in first position would exactly match the terms of the mortgage.

Positive cash flow: $214.

Like you, I've been in the position of having to move before a house is sold.

Since then I've upgraded to gas-paks.Anyone have any negative or positive experiences with EPA, local municipalities, or on the selling end?

Using any kind of positive appreciation number in this real estate environment is a fools game.