This is really one of those situations where following the law will actually make your business better (crazy huh?

But even these experienced investors avoid such situations usually and no investor really likes a break even or red situation - people want to make money - period.

Does this sound like a messed up situation that I might be able to turn into some cash or maybe I should just pass on this one ?

Of course you have to look at the actual numbers, but in your situation you may be better off renting.

or else this could get tricky.So the basic situation is this: you're going to have to pay all of the bills now (or whenever they're due), fire the property manager and sue him for breach of contract.

Buy a late model used car with maybe half of the 10k down and finance the rest into the newer car, this leaves you upside down on the newer car, but it may be a better situation than the current one.

Unless you are in a situation where this place is going to REALLY and I mean REALLY appreciate in value, you are throwing good money out the window.

Please be sure to be very detailed about the situation and give as many details as possible.

I am a California resident so clearly investing in my own state will amount to a negative cash flow situation.

I did not myself sign up for the service, so I can't see what you found there, but upon first glance, the site appears to be like many of the foreclosure listing sites where you get to preview listings for free, but must pay to get all info.I'm sorry that you are unhappy about this situation.