I have a question about the timing of the modification:Example: my borrower has 10k in arrears, and an interest rate of 12%Let's say I call him up and we agree on him paying 5k in arrears, I forgive the other 5k and I lower his rate to 10%. 

Drexel Hill because the prices are lower but the rents are similar.

I just know i don't have the experience with lower end places. 

@Chris Youssi i was hoping there was a 30 year amortization program out there, but maybe the lower rate ends up a better deal.

I used the lower end of prices as leasing price and after repair value based on the Zillow estimate.

I am thinking 150k-300k ARV, those would be lower range to mid range around me, maybe a bit lower if it was a town home or condo, depends on what a lender would do for me also.Thanks for the response.

Now that they pay it, it's down to $75/month.However, our 6-plex (10 adults 3 kids) runs about $81/month for water/sewer, but our water rates are obviously much lower.

Interest rates are helping to sell because of the lower payments but if they start going up less people will be able to qualify. 

It's actually not that desirable and the discount isn't much lower than market rate ( or rather what'd you could get it for on MLS).

The other advantage to an MLS listing is that you'll experience much lower vacancy (provided you've priced correctly) because your property will be recommended.