If we can buy some more time, we can get tenants in and stop the bleeding.I'll talk to my partner about possibly structuring an option with a potential buyer.

Should get a lot of views since it is on a stop light.

Maybe you will lose money because you did not stop this sooner.

Now is a great time to "Find and Assign" some deals.Forget about the trying to be a real estate investor, stop crunching numbers, forget about theory, forget about learning about short sales, equity purchases and all of that stuff and just start asking my favorite question."

As the higher rates have taken effect, some borrowers have found themselves unable to afford the new monthly payments.

I'd like to eventually find my rentals making enough money to stop working full-time, or sat least allowing me to go into an enjoyable business of my own with little financial stress.I like to think I'm in a good position to get started...but what do you think?

Obviously high traffic areas (stop-lights, exit ramps, etc.)

You might consider just going to the bank and borrowing the money.If the seller is truly desperate, YOU will be able to set the terms.

The buyer/borrower is the one who offers the lender the lien so the buyer/borrower is providing the mortgage to the lender and signing a note to define the loan terms.

Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.