Artificial wealth...not actual wealth...This "paper wealth" was the result of bubbles...artificial inflation of the stock and housing markets...Things have merely returned to about where you would expect them to be given long-term trends; unfortunately, Americans over-leveraged themselves based on the paper wealth, and are now feeling the sting of bad decisions.People just need to take responsibility for not saving and investing intelligently when times were good...

We need to reverse the trend in:Confidence - I am afraid this won't happen until at best next year as I think data gets ugly the rest of the year.

If he gets the drift that you are serious, and educated he will shape up.

Based on my experience in Cincinnati, a $55k four unit is either in bad shape or in a bad area or more likely both.

Here are the numbers on the house:1500 sq ft3/2/2Needs foundation work, but really in pretty good shape.  

You'll want to take a step back and look at objective information on markets and neighborhoods (characteristics, demographics, rental trends, etc).Property management does not need to be vertically integrated. 

I was thinking that since the baby boomer trend is already leading to more and more retiree's every year and retirement leads to downsizing & selling their homes.

Handshakes and verbal agreements are great to shape the terms of the written contract, but they are not enforceable.Bill J.

Ex no termites, all the studs and joists seen were in good shape.

I would keep the timber as long as it's in decent shape.