Warran Buffett: It's a way, in effect, to short the dollar because you can take a 30-year mortgage and if it turns out rates rise, the other guy's stuck with it for 30 years.

And Mel Watt is now the effective head of both.

Efficient and cost effective strategy.

Do you have a local rent control ordinance or law in effect that you need to consider before you try to bring up rents to market value?

I was actually going to offer each tenant their current rent for a full year if they sign a new lease with my property management company effective the date I assume ownership.I figured that would be a good incentive to avoid anyone moving out due to worries about the change in ownership.

I was not a very effective property manager; it is a very specific skill set.

Even in a good situation a bad tenant can easily cause enough damage to eliminate two years of positive cash flow.

Second lien stripping is a touchy topic and depending on the state, the process and effects are still working themselves out.

I'm remind of the old Twilight Zone episode where the lonely guy buys a love potion for cheap, like $10.He was impressed at the exceptional value and it's powerful effect on his love interest, who doted on him and made him the object if her desire round the clock.I don't recall what the antidote cost him, but he gladly paid the old shopkeeper the astronomical price to get 'her' out of his life.Perhaps the note could be "gifted" to a competiting note buyer?

Title company mentioned there is a judgement on it for $9,5000.So I am just wondering if there are some recommendations on How do I negotiate or eliminate the judgement?