Sorry you've had a difficult time so far with rental property.

There are charities that will list your TS for free but you continue to pay your fees until it sells and, as it is probably becoming clear, selling one of these things is extremely difficult.

To arrive at a $1920/month P&I @ 5%/15 year, requires a beginning balance of $243K.

I dont know the balance on the note or the monthly payments but it was rented for 1500. so I am assuming he isnt a total bone head and made some $$ on the rent so it has to be lower than 1500.00.

Right now, Im just getting my credit and balance sheet looking good while I learn as much as possible.

Real estate investing is not a difficult or complicated business, but failing to understand the realities of the business, cash flow issues, expense issues, etc will lead to almost certain failure (which is exactly what happens to the majority of new real estate investors).For example, I get stuff in the mail almost every day from one guru or another.

Until you establish your direction, it could be very difficult to 1. stick with it and 2. make wise decisions in the first place.Does that make sense?

To add real value to the rental market, someone has to be responsible and professional to the tenants -- sometimes that pendulum swings towards the property owner and sometimes towards the management mechanism.One of the overall points one can draw from this thread is that it's difficult to find a PM company that fits your personality and performs as expected.

Information listed with each property including estimated loan balance is derived from sources deemed accurate but we do not guarantee the accuracy of such information.

i recently had the same thing happen to me. i owed 14000 on on my truck they wanted to give 9000 on my trade . the advice they gave me was to pay more each month on my note to bring the balance down faster .i hope this helps .