We were able to do the repairs on our own schedule and did not lose the normal income for the property in the meantime.

You can't overpay for the place in case you need to get out from under it, but as long as you can sell at retail without losing money it isn't a bad deal at all.The 3 things you need to do it 1) see the place to see if it needs work, sounded like you will see it soon for this. 2) you need to nail down what the current value of the house is so you know if $85K is any discount, right on market or if it is upside down.

Lose a minimum of 40 lbs. 4.).

One thing that saved me from losing this one was a great corporate transfer executive who paid me $3000/month for seven years.

You can download three documents per week as a free member but if you have a BP Pro account you can download more documents per week.By doing a hybrid, you don't lose people who aren't interesting in creating account altogether (and could convert later on) yet you can focus your time and energy on the people on the people who have taking the next step by creating an account.

You both bring up good points and I am still on the fence, conflicted as to what is the better deal, I don't think I can lose much either way.

I only want renters here to stay.This is where greed sets you up to lose.

If I were to buy their home, sure, the foreclosure is avoided and their credit is off the chopping block, but they'd still be losing their home.

RE can be very gratifying.Really helping a young couple buy their first home, making it work for them.Solving problems for others and really saving them from what they saw as devastating or an impossible situation like losing a home.Helping others getting started in some business guiding them to success.Being involved in community, providing safe and affordable housing, no hand out but a real hand up.Assisting people to get back on track in their lives from homelessness.Providing housing solutions through redevelopment cleaning up blighted areas for a better community.Forming relationships with professionals and laypersons that seek your advice is gratifying as well.Having the opportunity to pass on your experiences and knowledge, teaching others how to fish is also gratifying.It's not all about the money, it's more about your contributions in life, to your family and your community

you can't get a traditional mortgage (30 year low interest, etc) in a LLC,,,only individuals qualify for conforming mortgages,,,you can have up to 10 mortgages including your own home,,so slowly add a house here and there until you get to the 10 limit,,if done properly you can build cash flow up that will be flowing in and increasing with time and more properties.After you hit the 10 limit you will need commercial financing,,thats when the LLC will be needed,,,others will say form an LLC and put your rentals in them now,,but by doing so you are losing out on locking in the low rates we have now