It is also possible the PHA may encourage your renters in this over 40% category to look for rentals elsewhere, not out of any benefit to the PHA, but as a suggested strategy to lower the tenant's monthly expense.

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It carries a lot of weight coming from someone with experience. 

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That doesn't mean you can't submit an offer, but it means something has to go wrong for it not to close and then be in line for your offer to be considered, chances are, when Realtors are involved the contract will close, but sometimes they don't, so it ain't over until the soprano sings (notice how politically correct I was this time concerning over weight ladies).If you are wholesaling, under contract means move along, nothing here to see

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He felt that the benefits of owning and self managing did not out weight the negatives until you get to this tipping point.

Ask what they see them selling for and what expenses are by category.