The Wall Street losses are a trailing indicator.A fair amount of the losses are not even directly connected to the home mortgagees as some are trading positions that people got wrong.

Stay positive!

If your example house rents for $3000 (as shown by comparable rentals in the area) then multiply by 50 to come up with the max you should pay to see positive cash flow.

We are in the business of creating positive, predictable cash flow for investors, through single-family homes we have purchased, rehabbed and rented.

An older friend (close to 70) owns a rental that makes a small positive cash flow.

Well, then you may not be able to learn from these folks… I also know a couple dozen wholesalers, and they wholesale a couple dozen properties a month… Wholesaling does work… Like anything it takes a positive attitude, and a desire to make it happen.

Can someone give me a lost mitigation company or person that has been getting positive results with short sales?

I have mixed feelings when things like this happen because I know that I am positioned correctly and that's good, but on the other hand I 'm concerned because if things get too bad then I'm worried about the tenants (even the good ones) going broke and not being able to pay.

That's just flat out irresponsible.Tim, those small properties I don't believe would be something I'd want to live in myself, but you make a good point about researching more and looking for positive cashflow in a rental.

You can cash flow about 300 dollars positive per duplex after all is said and done.