We are considering buying a block of town homes, specifically 8 townhomes built as 3 plexs.

Like all the books say "look for the worst house on the best block" that way with a little bit of improvement your ahead of the game.

And the pain part of sales is rejection.

What a pain in the ...!

Heard from a real estate agent this morning:House down the block from mine, listed at $385k, accepted a good offer of $345k.

He mentions how its a pain to deal with tenants and how they distroy his property.

I just completed a shortsale with ocwen, even though trying to get updates from them where a pain and them putting you on schedule calls every 5 to 7 days.I was able to neg my shortsale on a house that was worth 245k to 85k.When the service providers switched from chase to ocwen the whole process to3 months to complete

Check to see what is included with each contractor, usually on the coolant the service will come with up to 1 lbs of freon included or some amount so for those that don't make sure you know how much they charge for it if they do add any.The benefit to you and the power company is that the unit cools more efficiently because any of the grime in the coils blocks the transfer of hot/cold and the low freon level will make the unit work harder and runs longer to cool the same amount.

Not only are college kids a pain the county has some rules on deposits and interest that don't really follow market trends.

Sounds complicated, but HR Block or Quickbooks will handle it easy enough (possibly Quicken) so no need to rush off hiring a CPA right off the bat.