If they sell it to you for $30K and the loan balance is say $100K then they would probably be able to claim a $70K loss.

Either way ensure you cancel your contract properly if needed.

All 3 tenants don't work together at the same time or run into each other....they probably don't communicate much.From my understanding, this 1/3 that arrived in January will be applied towards the December 2012 balance.

Did it complete properly?

Purchase price = 180,000.Gross monthly- 3900, 46,800/yrTaxes= 4263/yrInsurance~ 1500/yrI figured 15% for PM so 7020/yrAnother 5% vacancy = 234010% maintenance= 4680NOI= 26,991Putting 20% down, the balance over 20 years at 6.5% is 1073.63/ month.

After it is brought current the loan Balance is 65K.

Is this not the proper way to look at this type of investment?

Advertising credit repair, check the requirements of being registered to do so.Maybe if they said, an opportunity to improve credit issues would be more appopriate.......Yes, I am a stickler for proper phrases, it indicates others know, that they are in compliance, that they have knowledge of the subject.....divides those who know and those who just try

You need to know how to identify proper comparable properties and make the correct adjustments.

We would have to figure out how that would function properly together, as a group.