Sue them for the remaining monies owed per the lease.

Not a sales pitch, just saying that we have a lot of exposure to the ocala market.The ocala market remains red hot.

The average house cost may still decline, but that would be because of the higher priced homes still declining some and bringing down the averages with them, but these lower end homes will probably remain steady for a while or even increase some.

And according to the IRS, material participation means you've satisfied at least one of the following tests: 1.

GO FOR IT>In my market, one of the few I've found you can get cash out each month, here's my basic formula:Total rents-30% for Maintenance and Vacancy-10% for management (even if I'm doing it, it has value)-$100/month profit PER UNIT- all hard costs (except mortgage)The remaining number is how much I can spend on a mortgage...and therefore gives me the value of the property

I have one property that I intend to short plat and sell the original house and develop the remaining land.

She is planning on taking a mortgage for 200k plus the remaining current mortgage balance of 20k plus about 40k extra to completely pay off credit cards and lawyers.

It's really satisfying to see that what went around now comes around, and eventually it will catch up with landlords like those!

Then complete only one purchase agreement directly between the buyer and the seller to satisfy the lender's stipulations.

Perhaps you can get a roommate with some credit or enough steady income to satisfy this problem.