The contractor reports to me that there's cats everywhere, the place SMELLS like ammonia..... he even refused the job because he got a terrible allergic reaction and the place smelled too bad.....Other than annoying instances of having to wait for him to get us cheks a couple days late, he hasn't been a problem.....But I fear the place will have a permenant smell, and who knows what other pet damage there is.....Should I threaten eviction?

The numbers may actually work out, I'm waiting for my agent to get me some details back.

The way that I am planning on doing this is purchasing and selling vacant land (method mentioned on BP podcast #39 where buying at deep discount).  

For example, if I buy a group of payments; do I have to wait for those payment numbers to arrive before I get paid back for them?

Do you think for 1 minute that I was permitted to WAIT until that unit was vacant before I showed it.

A friend and investor recently mentioned you guys and I thought I would check it out.

Everything I've read and heard mentions knowing your market, doing your research etc.

Can someone help me see if renting it is a good idea or am I better off taking some money from the sell and waiting for another deal?

John, the 2nd would be better off taking a discount on the lien because as Chad mentioned on his post, if the 1st mortgage is the one foreclosing and properly names the second in the foreclosure suit, once the property is sold at the auction any junior liens are dismissed/extinguished as a result of the foreclosure action taken by the first lien holder.

We worked with the PM to keep the tenants, and we're waiting until July to do any rehab.