Unless I come across another favorable style of investing in RE on this site.Thanks!

Bill SchrimpfA couple of points that you are overlooking that should work in your favor-- taxes should be included in the 50% of expenses, so when you're subtracting out the mortgage payment, just count the P&I.-- the HOA should be covering exterior maintenance and maybe some utilities (i.e. water for my condo) which should cut down on how much you need to budget for those.

If ready and clean in walkthrough by move-out date, deposit returned by check on the spot, and favorable reference for new landlord.

Some investors favor being licensed, some are against it.

I said I know you have a  relationship with so and so, so do myself and you a favor, before you tell him my price ask him what he feels the property should be listed for.

Use some common sense.HUD set the guideline, you won't go to jail for charging more, but you won't be looked upon favorably Mr.

George, with GMAC in this, this situation will be a short sale, you do need to track down the owner.Since the melt down with banks given more favorable write down provisions with short sales, there is less incentive to sell a note and write off the loan loss compared to the short sale path.In cases where there is an offer to sell a note that is about weeding out problem loans.

I'd guess that those who really favor HMLs have had issues with banks, lack experience, credit, cash, other income, other collateral, etc. from that stand point the HML is easier but certainly not better.

Plus, Oregon is a tenant favored state.

There's not much margin in it, and it's more of a favor or good will gesture, so I want to make sure I minimize my risk going into this.Thanks in advance for your thoughts and suggestions!