Good schools = GreatGood condition = GreatGood neighborhood = GreatDoes not “Pencil” = BAD!!!

You really need to talk to a LAWYER before you jump on the LLC or Corp bandwagon.The BIGGEST mistake the layman makes in forming either is assuming that their assets are automatically protected.

"can i talk to my lawyer"?

The banks have procedures and forms to make sure the buyer is aware the bank doesn't really know the condition and specifics of the property.

Those units with owner paid utilities or those in higher turnover/crime areas will typically sway higher than the average.That all said, I don't use the 50% rule for much as it is a nationwide generalization and as we savvy investors are aware, real estate market conditions differ dramatically location to location, and from then to now.

Now, my aunt's lawyer can not find the lien holder and is trying to get the deed back in the church's name.

The idea that the rules could change after the deals have been down does damage those who based their decisions on conditions and regulations as they stood at the time.

I absolutely despise the ACLU and all the low life legal-aid lawyers in this country.Why in the world should the landlord be held responsible for damage caused by the soap opera lives of the tenants?

Not to mention looking pretty fishy.Not a lawyer and not expressing any legal opinion here.

They are usually around $350, and cover the appliances, air-conditioning, etc.