But they can only afford $1200 because their income hasn't risen anywhere nearly as much as they expected (inflation's been very low, remember?)

The biggest mistake you can make right now is paying cash for props if you want that cash back within 6 mos.Even after 6 mos you will be limited to the amount of cash you can get AND the LTV will be a lot lower than you are expecting often leaving 30-40% of your cash locked in that house.Always have a note and deed of trust on a prop when you purchase - not one of your companies but maybe a friend or colleague - so that when you are refinancing you are paying off debt.

Customers should expect business as usual on Friday, the FDIC said.The bailout came after the thrift suffered deposit outflows of $16.7 billion since September 15, the OTS said."

It may seem ironic that the very people who performed so badly (banks and lack of oversight by the government) are now expected to fix it, but what's the alternative?

I'm planning on having properties in LLC groups owned by a corporation, my hope is that it will limit liability to each properties.The biggest thing i've learned in the past year and a half has been underfunding investments, our apartment complex has cost us greatly from unexpected repairs, thankfully this secured line of credit will allow us to have more than 10 times the expected ammount(s) to rehab each property per time.

How do they expect to sell their homes in this kind of market?

Wells will expect $2000-5000 to accept the short sale.

Check out HR3221Our local court house steps caller says he expects it to pick up again after Christmas.

I expect to be getting BACK into short sales about early November.

If you expect to move every two or three years, the transaction costs for owning real estate will kill you.Inflation will be a factor, too.