Operating expenses include taxes, insurance, management, maintenance, utillities paid by the owner (including during vacancies), advertising, entity maintenance, legal fees, evictions, court costs, capital expenses (not technically an operating expense), damage done by tenants above the deposit, lawsuits, office supplies, etc, etc, etc.Mike

$1550, not $1950 -- and it's quite overpriced mainly because it's close to CMU, and the glut of students and lack of housing drives up prices around here, especially when you're desperate near the start of a semester.As for lease violations -- the only issue is the junk left behind, which was as I said present when they moved in; but of course that is their word against the landlord's.

In the past six years, I have rented, rehabbed, and/or leased over 25 properties all across the US.My main objective of branching out to this forum is to gain knowledge and network with ethical real estate investors.Thanks for your time!

Many of us have had our main homes lose equity over a short period of time (some right after purchase) and as long as you are staying put, it really doesn't matter.

Well... my background is mainly in the healthcare industry... mostly on the Business Side of it.... but I really have been looking for a change of pace.... there is a lot of opportunity and money in RE which has really caught my attention...

My main interest is purchasing homes or apartments so that I can rent them out, I dont necessarily have in interest in helping buyers or sellers for commissions.

I find my deals from three main areasWhat: My MarketingHow: Billboard, Yellow Pages, Ad in PaperWhat:My Network of ContactsHow: They all know I buy houses and call me on leads.What:Listed PropertiesHow: I constantly look and target properties to make offers on

If the developer goes out of business you have no guarantee.Third, the supply could exceed the demand so that after two years there is little rental demand at the guaranteed level.Fourth, your home is at risk if you pull out cash and then later can not afford to pay it back.Focus on reading here and learning your local market better.

One of the main requirements for a loan modification is a hardship letter explaining the nature of your financial hardship.

I did however also include a guesstimate HUD statement (with Prelimary largely written on the top), enough to show some of the various numbers and of course mainly to show the seller netting ZERO.