Again, maybe just luck because of the type and quality of paper HSBC is dealing with.For me the sub2 and discounted payoff is just another possible tool.

I'm not sure how many short sales Seth has done, but I've done many (from the purchaser side), and I've had many instances where I've had to negotiate counter-offers -- the only tool that's every helped was contractor bids.

Don't give up and don't artificially limit your pool just because you ran three people through your magical screener tool and think you need to pick between all of those duds.Also note that many landlords experienced with landscaper tenants find that carpets get trashed with dirt and walls get smudged by grubby hands so something to note for future reference in your considerations for applicants.

Once I have 10 financed properties Homepath is still a great tool to move up to 20 Fannie Mae financed properties by putting 25% or 30% down.This is a big help in building my portfolio and helping to replace my earned income for a real retirement.

When I got on a board in a small Condo, I realized property manager was not responsive, didn't use email or any online management tools such as buildium for transparency of expenses/income and was not invested in their property management business.

Thanks for driving us through the proper usability of the tool.

A LLC is basically a tool for asset protection.

It serves best as a tool to prompt further investigation and/or verification if the name of your applicant shows up as a defendant in an Unlawful Detainer action.

Which report or reporting tool do you use to analyze Cash Flow by each unit or tenant?

Both Bill & Brie have great points; I especially like Bill's safety tips (definitely good to keep in mind as you're often meeting strangers on private property).