Not understand most of the basics of owning these properties.. they are the most popular investment with many wanting to get into the RE game because the cost of entry is so low and the sophistication level of the investor does not need to be anything more than they have money..

There is so much that goes into it.2 main questions:1.

For longer term holding like you are talking about it is every bit as likely that you will effectively have just hedged you dollar's values from going down, which is why the cashflow of real estate is so important.

This book is so helpful and informative it is helpful to you also and get some idea of your investment plan.

I think we might have to start off that way until we are done traveling in the next 5 years because our scheduling is so variable.

Face facts - the government will not be able to keep going the way it is, so Section 8 can not last as it is.

This forum is so active that threads get buried so quick.

And there will be plenty.Another is so many times the former owner will remove necessities, such as wiring, flooring, sinks, light bulbs, plumbing, doors, windows, and the list can be long.

If she is willing to foreclose just to get rid of it... that's pretty extreme.Probably what she should do then is sell at a loss... that would put her at selling at market right now, unless under market, but would sell faster, yet I don't know how much she could afford to lose on the mortgage since her money is so tight.

Here's their situationBehind 12k on Mortgage payments, still no foreclosureNeeds $2500 for moving expensesMortgage plus tax/ins. is roughly $1200Market rent 1200-1400Minor cosmetics needed - paintI'm not sure what to do with this situation being the seller is so far behind on their payments.