I’m losing money, because the interest rates are so much lower now.

I would imagine me requiring a better credit score would avoid getting a person who is consistently bouncing checks, but the best tenant I've ever had was foreclosed on for losing his job a few years back, so I really don't think the credit score is a great way to determine if a person goes a good job with their finances.

You can spot the war zones pretty easily, just search using the mapping feature for concentrations of houses for sale under 10-15k (in midwest areas such as we're in).

If I don't sell it by then I lose the property along with my earnest money.

So I figure I lose about $1k per month until the market picks up.

If so, then by all means, purchase lender's title insurance, and at the same time purchase an owner's title policy for yourself.In the event you lose the property due to a defect in the title, the lender's title insurance protects the lender from financial loss while the owner's title insurance lets you recoup your equity.Even if you were not using any financing to purchase the property, you still want owner's title insurance.

Oh, easily..

Contrary, I remember reading in an investment book that it may be better to go with a 30 year fixed which would result in a few extra dollar today for investing although I would lose nearly as much at the end of 30 years.Danny – I really liked your suggestion and I would seriously consider it if I did not make so much money in the IT industry.

The sales model is thus highly dependent upon the buyer being confident that they are receiving a net return above 8.5%-9.5%, otherwise they are LOSING money by leveraging (unless they are absolutely convinced that they are truly buying substantially below market value on day 1, in which case they *might* want to endure the losses to 'capture' all that equity).

Okay........Have a tenant that I filed eviction on.The county was backed up so took awhile on the writ.Marshall is serving the eviction the 21st of November after 3 months from filing court date.The woman became disabled and filed for SSI disability.I talked to her case worker and the usual time for review is 2 years to get approved or denied.She told them she was getting evicted and sent evidence.They escalated and marked file for review.When I discussed with case worker even though file is flagged it still has to go through the judge for review which takes 2 to 4 weeks and then if approved SSI will send me the landlord the back rent owed which is around 4,000 with late fees and penalties.So the answer from SSI will not be in time before the eviction.I already told the tenant today I need at least half 2,000 or I am not stopping the marshall from evicting on the 21st.The lady says she would call me back and says she might could get the money but the issue is she can't pay me because when she goes for review for SSI they will ask where she got the money to pay rent.Then she could lose benefits or amount of lifetime benefits going forward and will not risk the lifetime benefit.She said if I just waited I am on the forms to get paid when she gets approved.My thing is If I cancel the marshall then I have to refile eviction and with the Holidays it will be January or February before I get them out.I told the lady I was not stopping it for a 600 payment and that she is not guaranteed SSI approval and I can't stop it on a PROMISE.We will see what she does.I told her to pay by Sunday.If I get 2 grand now it will be one less unit I have to rehab and then if SSI doesn't come through with the rest in 4 weeks I can evict again.She is judgement proof even though I have one on her I can't collect from pensions etc. with garnishment or bank levy.She was a tenant I inherited from a previous landlord 4 months ago when I bought the place and she used to pay on time before getting hurt with her back.Any thoughts or dealings with SSI Disability will be helpful.