The censor nanny's come out running to save you all from "thinking bad things" from people who encourage and engage your imagination and free thinking.... niiice.I can't wait to see what sort of comments are going to show on this thread or maybe..... it will get removed too!

If it bothers you that much I would recommend adding a car port of some sort.

This might help you sort things out.

Like you said you always saw debt as just a line on a spreadsheet of sorts.

Do you have any suggestions for gathering and sorting through leads.

SBA lender (CIT Small Business Lending) entered bankruptcy protection in 2008 and are controlled by some sort of bankruptcy agency.

Thank all of you for chipping in with information regarding this sort of deal.From the looks of it, I should just talk to the seller and see if he would agree to paying me a fee to connect him with a motivated buyer.

I would plan on having enough cash left after buying the property to establish some sort of "emergency fund" for the property and then always keep enough of the cash flow in reserves to handle future issues.The vacancy rate in the area in the area is in fact much, much lower than the 15% I have estimated.

Most guru's/coaches will tell you to use some sort of LLC taxed as corporation so that you still pay taxes but not as much.

Even if you find something online you like, have it reviewed by an attorney in your area that's experience with this sort of transaction.