It was full of water and surrounded by lounge chairs.

To tell you a little bit about myself, I am a young and very aggressive investor who took to this business like a fish to water.

As far as the 4 loan rule they’ll be dead in the water because no gov’t agency is going to allow more than 4 financed properties right now unless they make some rule changes going back to where we were which, I doubt because the majority of the problem right now are homes that were never owner occupied."

what if it is but it drops in value?

Finally, I have a large stack of canned food and a swimming pool full of water in case of civil unrest/bird flu/other disaster.

If the value drops, your lease option tenant will not excersie the option and you could be upside down.

The property management left it to the tenant to handle everything, and refused to notify the property owner.Unless handled properly, water can continue to cause damage for weeks that can lead to very costly remodeling and remediation repairs.

well due to the whole financial crisis and government takeover of one of our biggest mortgage lenders all the mortgage companies made their lending policies extremely strict and realistically now a buyer needs to have around 20-30% deposit for most lenders. they also generally will not lend more than 2.5 times the amount you earn in a year. then the introduction of hips (home information packs) august 2007 caused a huge flood of houses being put on the market because people wanted to avoid the cost of the hips this meant that values of houses dropped drastically and a hell of a lot of people went into negative equity and in 1 month in particular house prices went down by 9%...in a MONTH!!

Our reserve fund was depleted to almost nothing because the money had to be directly just to keep common services in place (our complex provides water and heat).

One is a 3bd. 2 ba. 1055 sq. ft.built in 1921, completely remodeled 8 mo.ago, new roof, vinyl siding and windows, hot water tank, kitchen, bath. carpets, paint, etc.currently leased for $650.00 mo. price 35,000 tax appraisal 23,000.