So instead of coming here to ask how you should phrase your rejection letter designed to keep their money why not just return it.You wouldn't like it if it were done to you and you wouldn't like it if it were done to your child.I'm just curious, Ihe... do you actually own or operate any type of business?  

Form 3 (or more) LLC’s to avoid having all assets being subject to getting sued. 1 – An LLC as the buy and hold holding company, 2 – An LLC for flips, 3 – An LLC as the operating company (heads into contracts, collects rents, etc.).

And I'll continue doing data entry so I have some sort of connection to the day-to-day operations.  :-)

I training lease option assignments I ask unlicensed folks that aren't licensed to go knock on doors and say that if the agent with the listing agent doesn't perform to think of them, the Rei operator, that's itProcuring cause is an issue, so getting a release from the broker of the agent is important 

@Stan KrupowiesAs someone who operates as an agent in the same area you operate it sounds like you need an agent or someone with experience to educate you a bit more on the local market and how foreclosures work in general. 

Gross income minus PITI, PMI, and all other operating expenses like cap ex, repairs, vacancy, landlord utilities, etc.

It is your responsibility as a landlord to know not only your rights but also those of your tenants to successfully operate your business.

(reposting...I don't think the first one went through properly, my bad)I'm an Operations Manager for a commercial architectural metal, stone and wood restoration in the SF Bay Area with experience managing resort facilities in remote locations in Kauai, Hawaii and rural area outside of Austin, TX.  

I'm a retired 72 year old operations manager...who has more bills to pay than retirement social security income....can't find decent work....friends told me to try real estate investing....don't know anything about it but willing to learn......I'm a country person not a city person.

With that kind of property, you can probably expect to cash flow somewhere between $200-$500 per month after operating and financing expenses depending on whether you have any bad tenants or big projects over the next few years.