The point the authors make is that while many people are leaving the marketplace due to the media's drumbeat of "crashing RE markets" and the increase in market supply, savvy investors should be buying as many good deals as they can instead of sitting on the sidelines waiting for the market to finish its correction.

One of the fines was for a late return on a check and another for not giving timely updates on the accounts.

He was late on his rent by a month and a half and from what we are finding out the power was also recently shut off.

Occupancy Owner Occupied, Second Home, Investor Interest Only Option Up to five (5) years interest only, then P&I for the remaining 25 years REQUIRES MI LTV Limits Owner Occupied, Second Homes, 90% NO MI LOAN Limits $1.25 Million Credit Score Requirement: 760 International Borrowers are eligible for this program @ 80% Close your Daytona Condotel in an LLC - Requires Personal Guaranty; Does NOT report to personal credit unless there are lates or default --------------------------------------------------------------------------------80% LTV for condotels if credit scores 640 - 759--------------------------------------------------------------------------------No prepayment penalty******** End Quote ********With regards to commercial or residential status, that depends on where the property is located and how often you stay in the property.

The underwriter at the lender will review the file very late in the deal.

I have a tennant who has been late on rent the last 4 months.

At the time I had 14 or so rentals, about 1/2 of which were NICER, BIGGER, AT LEAST AS GOOD OF NEIGHBORHOODS as where I lived.One day after returning from a round of golf and enjoying a beer or 5 two of my DEADBEAT tenants brought their rent (and late charges) over to me.

I think you should give it a little time being the market has not been so good lately can be a direct result to your problems.

Have interest in properties throughout New Hampshire.Have bought and did light rehab on one house that my wife and I lived in, then sold, and did decent, am now finishing up a house (while living in) that we have been building ourselves for a while.

I completed my purchase on one 10 months late (builder was delayed) and 2-3 months before 9/11.