Proven capacity for fulfilling increasing responsibility and accountability.

The deals have to be out there... but the problem I've run into is that the rents are very low in my area.That being the case, is it a bad idea to look at foreclosures as a way to increase my margins, thus accommodating for the low rents?

But I see what you are saying on the misc. charges that we will have to consider for the current townhome... like umbrella insurance, LLC (for asset protection), utilities, vacancy backup, etc. those would ideally increase the monthly expense by about $300 (or probably more).Seems like a TRICKY situation for us, I guess....

I've evolved from a buy and hold with the occassional flip, to a guy who just flips and seller finances that flip.I've stayed in touch with my market in the TX Hill Country until our move and I only did 2 deals there in the last 2 years, one thin, one fat!

Other items increase or reduce your basis, too, so it could be all over the place.

And hey, if you'd like to bring up some legal issues that would be great, too, because hey - LLs are increasingly becoming 'targets' (ha ha) in more ways than one.

With many lenders tightening up and me being on title for less than a year I just want to be able to justify the increase in price from what I paid for it.I don't want some hard-*** inspector who pretends to be a code inspector pointing things out that might not meet code but are still safe and scaring a potential buyer.

But just selling it immediately and for a 22% increase in price will raise red flags.

So not only is their equity shrinking from the declining market but their loan balance is increasing due to negative amort.

I hope that they take any wealth I leave to them (not likely to be a big pile of cash, by the way, more likely to be business and investment assets) and increase it geometrically.