But you need to do all this properly to make sure you are not violating the million pages of tax laws that the states and federal government have.

Though I think they should go a step further and subject everyone in the government (especially those in the legislative branch :) to mandatory drug testing...

Retired from Army after 20 years and knowing the government may someday take the retired pay away, decided to have a better source of income to rely on!

We have a Godsend in tenants as they are on government income and in the year they have rented have called us once because they were unfamiliar with GFI outlets, they are also homebody's.

Unfortunately now we are up against government control in regard to cost of acquisition and profit margin with a VA Loan.

The government provides incentives to help some of these groups because they might not otherwise be taken care of.

Selling the note is another way out of the deal for the bank, what they will accept may be close to the same as in a short sale, but consider any government incentive too, since to my knowledge there is no government program to assist banks in selling notes.Now, if you're buying the note as a means to avoid foreclosure, with consent of the borrower and the note will be modified for some deal, your purchase price for the note will probably be close to the payoff, but again, what is the alternative for the bank?

And if your cash renting this,it is illegal to collect government payments here, they go to the tenant.

That is a very good point to make - if more people would turn off the TV and get out of the couch potato position there would not be so many hands stuck out for "free" government assistance!

Once again the loan mod program just further expands opportunities for investors to help their fellow americans in ways the government cannot!