The ones being fixed, you stop and talk to their workers and to the buyer - sometimes one and the same, sometimes not.

At the point we were expecting to simply proceed to closing, the guy stopped calling.

People say "it's nice, clean", but stop there. i wish they were more open and honest and gave us more feedback.But that's a great idea.

Any opinion to the contrary given by anyone else will result in the accusation that "you are trying to stop competition because you're afraid we will be successful" or "everybody has to start somewhere " and they will tell each other "don't be discourage by negative thinkers". 7- the best education in real estate comes from courses given at colleges and or by realtor organizations or by CCIM.

It enables us to work with them and then evict at any point if they are late and stop communicating and working with us.

In particular, the report note that 12% of all prime borrows are now seriously delinquent.

STOP...there are much easier ways to do this.

I am not talking about just going to court.I am talking about 3 day notice to quit,filing eviction,court date in the mail,going to court if tenants answers and getting judgement and writ,then paying writ fee and waiting for the marshal to set up throwing the stuff out.These time lines and processes will vary by state.In some areas the marshalls are backed up serving the writs.So if it takes 2 months to get them out and the writ takes a month then it will be 3 months of lost rent.4 if you get them out mid month unless you can land someone living in a hotel or moving to the area mid month.Then you would only lose 3 1/2 months.You also have to factor in time to turn the place and clean it and rent it out again.The fact you accepted a reduced rent will make it hard to get an eviction in court.Accepting a partial rent usually means you are doing a workout with the tenant.So for instance of I can get a majority of the rent I might do a workout.If the tenant wants me to stop eviction for 100 dollars I tell them to pound sand. :)What you do will also depend on your personal cash flow situation.Are you trying to preserve personal credit and do you have a recourse loan on this property??

Sounds like private lending where you really vet the borrower and collateral might be right for you.

[ noone was ever stopped on a stretch of road for going over 10 mph, yet i'm stopped for going over 1 mph.