The country needs taking back all right, from the top 2% who controll thier bought and paid for politicians who dig in their heels and make sure there is no progress, like Roy Blunt.For those of you who don't like the health care act, please call your health insurance company Friday morning, tell them you want to drop your duaghter who will be going off to college, and while you're at it, tell them to drop your cousine who is 8 years old with lukemia, she can just die sooner!

...and I just realized that I can't spell this morning.

By this time the borrower would have control of the property for 5-6 months without having paid a dime.If the borrower really wanted to keep the game going he would then file a bankruptcy the morning of the foreclosure sale.

This morning I looked at a forclosure, liked it and submitted my offer at asking price with my mortgage prequal from Wells Fargo.

The elusive 6-plex was finally listed this morning for $159.9K.

This morning a new neighbor came over to ask if it was OK if he put gravel on the driveway he is cutting into my son's property.

You have to think that with so many wholesalers out there the average investor receives so many e-mail updates about new properties that sometimes it becomes tedious to see your inbox stuffed to capacity every morning.

He then asked if I could be at the house in the at 8.30 in the morning (3 days before end of lease) so i could let the delivery guys in to deliver more mattresses.

He raised the rent on the middle unit--they moved and he had a lengthy vacancy in a soft rental market. the rental loss would have paid for 2 ac units to be installed.Now he is looking at $1100 for mold remediation and about $750 for the roof if not more--plus the additional drywall of the hallway and inside of a bedroom closet plus the original ceiling job in the livingroom.Oh..and more fun..the angry tenant called in code enforcement.

For Apartments --depending on type of rehab-you always buy at lower price --however--if you plan to get financing --you do projections and add cost -- to purchase price --lender can include the rehab costs -- However, renovations to building or structral repairs --called Improvements --such that it will increas value of property and of course higher rent -- than it is different --it is deffered maintenance - and have to consider based on components -- you also need to talk to an accountnt --for depreciation consideration --you need to buy a soft ware to anlayze -- using what if senerios -- for different assumptions -- IRR is the best -- always leverage and refinance to maximum available at the time --after rehab or major renovations are done and rent increases or cash flow increases --I have done this for several Hotel loans ---similar principal apply --I use simple spread sheet to do five year proforma projections and improvements are added to loan --Lender keep money in escrow- called reserve for improvemnets -- fixed amount based on Recommendation in an Engineering Report.