The first post about The Complete Guide to Buying and Selling Apartment Buildings is also excellent, if that's the type of investing you're considering.I'd like to add Think and Grow Rich - it's a slow read, but worthwhile.

How in the world can we repay all this debt when debt slows the economy, and we need the economy to improve to be able to pay the debt?

Don't know the process in CA (I hear its very slow), but if he doesn't pay you as scheduled on Aug 1 (its the 6th today), post a "pay or quit" and start the eviction process.When a tenant gives me verbal notice, and they always do, I have a letter the must sign that states the date they intend to move out, reminds them the deposit is NOT the last month's rent and rent is due as normal, and inform them I will start showing the property and they are expected to cooperate.

(Because it would slow down the process of buying and selling mortgages.)

I am looking to sell both but things are slow.

City's move slow enough to make a snail yawn...

Gary,The truth is many wholesalers don't have a dime to their name.They read some get rich quick crap and try to lock up properties for 10.If I am a listing broker there is no way I would allow the seller to go through with such a deal.I would insert multiple clauses if they insisted to a right to continued marketing and a termination clause by the seller at any time in the contract.After all if YOU the buyer have no risk then the SELLER should have no risk either.If you put up a bunch of money that you stand to lose you will hustle like a SOB to FIND a buyer that will perform.If the seller tries to pull the listing early or withdraw there usually is a protection period built in for the broker unless the seller re-lists the property with someone else.Every seller will go through a sales cycle.Sometimes these last more than a year.The further desperate they get the more they will drop on price and be open to creative financing to eliminate their problem.Banks are sellers too and operate this way.I see many bank foreclosures overpriced.Over time they reduce to sell.If you are a wholesaler finding listings on the MLS is NOT the way to go.As a listing broker I would simply tell my client.Rather than selling that low let's keep reducing the price by xx percent each week until we get a contract.This way you will know the highest price the market will bare and not leave any money on the table.The problem is often listing brokers wait too late for a price reduction and it is still overpriced.When a seller reduces they have to be in the bottom 50% of for sale pricing to get a contract unless they have an unbelievable property which isn't the case 99 percent of the time.

But, with the economy suffering as of late it's caused things in Jacksonville to slow down a lot, which in turn hasn't caused much of an increase of anything here so far.

If you can withdraw now, please do it ASAP.I closed my MDA loan and bought a duplex there.

We have been able to increase our net rev. considerably, but the economy has obviously slowed and the natural gas prices have fallen.