I'm not sure if short and simple or specific and detailed is the way to go, for my letters to absentees.What do you think is most effective?

I've found that most LLCs that I've looked at have been a revenue generator for an attorney rather than effective protection for the landlord.I never had an LLC for any of my properties, 16 SFHs at one time.

To renovate these houses wouldn't be cost effective.

I dont know if the value of anything that anyone owns is ever under their control..............but I think that the answer to the question on the topic is obvious....Developers are holding to property longer because of the overall institutional freeze on lending and credit markets, and the effect that it has had at the retail level.

That's been done away with for primary residences, but I think its still in effect for investment properties.A writeoff will affect your credit.

Click on the video in the link to get his thoughts.http://www.cnbc.com/id/26867866He talks about the dire situation effecting the credit markets last week and the consequences of doing nothing.

I think the only thing keeping the dollar afloat is the effect that this crisis is having on all the other countries out there.

Bailout vote is now in effect . . . lets see what happens

(hint - it's essentially the same thing).Once you can do this effectively, you wll be ahead of 90% of "investors".

I self published the book.