Over these last 14 months of hell, I spent some time talking to our processor who said their department is slammed with pre-foreclosures.

I was quickly promoted to the fiance/accounting department assisting with due diligence for sales,commercial loans, budgets, financial forecasting, government contract writing, Quickbooks accounting, etc (small business one does everything).

is the number one question followed by "which department?".

Ideally I want "SUNTRUST MORTGAGE" the company that has the current loan to have the loan.I could do a VA or my credit union business department might give me the loan.Any input appreciated.Next Steps look @ the property to see about repairs.

I do work in IT department of a company but would like to get more involved in real estate.

Dear ArcinioYou've just heard from the best of the best.

Dear Kevin,Thanks so much for posting this functional excel table.I understand that you not include operating expenses in the calculation of Cash outlay, but have little trouble to understand excluding tenant acquisition expense, could you explain?

I put a call into the city building department to find out what kind of pipe they want as well.This will be my third major expenditure on this sewer line in 6 years.

In regards to a fire pit in addition to blaming insurance many times you can blame the county or the city fire codes.The fire departments do not like fire pits at all and many have ordinances against them.

Bankruptcy doesn't make them worse (we joke they can't get worse when they don't even exist any more), but the reduced debt load and restructured city departments makes more money available to use for city services and makes the services more efficient.From a real estate investing perspective there have been opportunities to pick up cheap properties for years and years.