Previous years revenue is not that appealing, thus I have negotiated the below for the new contract. 1) New Energy efficient machine will be installed. 2) Coin Match will collect the cost of 1 cycle per machine per day and the remaining will be paid to the owner.

From the remaining $690 you have to cover your P&I payment (taxes and insurance are in the 50%).

if those curtains are yours...you could probably replace them with a cheap type of curtain that would tie in the color of the floor and countertop.

Another way of getting more properties without tying up too much money is by buying properties below FMV or through value add.

I am working with my realtor not to try to tie this property up till I can do an inspection and due dillegience

"The more things change, the more things remain the same" and "things are worse than they seem".

I would buy it to live in and possibly to rent out in the future but I wouldn't tie that much money in an investment property that only nets you like 200-300/mo.

Many believe we are in a mini-bubble and I'm convinced the market may remain strong or semi-strong (although appreciations will decrease in rate).If/When shadow inventory is finally released (eventually), it may not cause a "flood" to the market which I've heard over and over again.

If the 1st mtg actually made the connection with what happened, I don't know how much that would increase the odds of them seeking the deficiency, but it would certainly be incentive for anyone who may have bought that remaining debt from the 1st mtg holder, with that much equity.

And you have 2 of the 5 years remaining.