Got my passion and enthusiasm, a wonderful and supporting family, great health and energy, an amazing support cast through the BP world, 49rs in the Superbowl (oh yeah!!!)...

it was appraised to be at $161 so it must have been a bad appraisal, i think they have just reduced the price to 129 (which is what they owe) due to the fact they are motivated and the property has been on mls for 90 days.

Your only recourse would be to sue, and it will cost you more time and energy than it is worth.

The kids have now grown and gone, and the place was just too big for her, and she couldn't afford it with the subsidy that was reduced once the kids left.We had a LOT of rehab to do after she moved out.

They couldn't find anything suitable in their local listings and were looking at the same metro CL listings for rural properties.We would gladly have paid  2 months rent to any professional who could have placed a tenant and we even let a local PM have a six month shot at it with no results.I would discuss the possibility of full commission to the agent if they find the tenant through their own marketing or MLS and a reduced commission if you find one.  

Okay late night update:Numbers still workGot the HVAC cost way downGot the Roofing cost way downgot the potential framing numbers inline found several supply houses to get products interior products at a reduced costFound enough 1" hex tiles at Habitat for Humanity to do one of the bathroom floors for a 85% discount!

The idea is to pay them all off in a few years then start buying more with cash.If you always buy more and never reduce debt then any economic downturn becomes very stressful.  

I know there are opportunities to reduce down payments from time to time but let's assume my purchases are "traditional".

@Rebecca Peters Robert M.People consider refinancing debt for a variety of reasons, but potential saving through reduced monthly payments is certainly one of the more common reasons.

I read that if the AGI is above 150k then the loss allowance is reduced to zero, does that mean I have to pay the marginal tax rate on the trust deed income no matter what my losses are on rental?