Actually very common.

The commerical agent that my wife and I are working with is a real SOB. We have been trying to get the numbers for his listing for over a week. So finally he sends me an email, and leaves out a detailed expense report...

If the REOs are not that common then the prices are likely to be closer to full market.

The good side of this is that I'm sitting on a fat pile of cash that I haven't sent into my mutual funds because every day I think; "maybe one will turn up today".

That may not be the terms you're used to working in a lawyer's office, but its the common terms used in REI.The exact terminology varies from state to state, as do the details of how the process happens and what happens after the same.

Add to my experience the fact that some of my closest friends and partners are involved at the highest levels of the mortgage industry, I mean common!

Has anyone had any luck hiring guys from hire on places for common sense work?

I ran across a couple of books that describe HOAs, common problems, etc. and a few guides for how home owners can participate or to help understand the purpose of a HOA.

It must be carefully monitored - quality control is a very common problem with franchise types of businesses.

New rental developments commonly have things like:[list]Nearby shopping or multi-use buildings w/retail on ground floor and lofts above.Nearby parking and extra storage available.Wireless Internet.Upgraded [fill in the blank]Ready access to public transportation or vouchers/subsidiesLaundry in-unit[/list:u]I have no idea what the market is like in your area and it does seem tough right now all around, but it might be worth looking at what you have (or have not) done with your rentals and see if you are still offering something competitive.With the explosive growth in RE investments, many by newbies who spent far too much money upgrading rentals, there are both more rentals on the market and they're in better average condition than before.