@Mark Robertson , last year we were chasing a Portfolio deal around your speedway area, some of the properties were actually on Speedway, it went for $85k per unit.

I didn't get serious about long term financial goals until I was in my mid-late 30's - I just chased raises up until then.

I planned to chase beautiful women around Europe.

However, some of these ambulance chasing attorneys "who don't get paid until you do" will not hassle with it too much if the insurance company decides to fight.

Theoretically, you will have too many empty homes chasing after too few renters looking to buy if the real estate market improves further, if people see interest rates inching up and wanting to buy now rather than wait.

As an economist, this seems the appropriate move -- letting the market find a bottom rather than holding the property, either in a bank portfolio or on the FDIC's books, until the "market recovers" or the bid reaches the current loan balance.Bryan, from the article (and reading between the lines) it appears that a number of players in that deal took a hit, not all of them were Federally insured financial institutions.

The most important one being finishing the basement.3: The house went on the market at the perfect time, the spring sales season in my area has been very good with many buyers chasing a few attractive properties.

Be careful who you take advice from Here on BP, there are a ton of real players in the land lording game.

There is a lot of value out there to be had and if it is provided at a reasonable cost than to some it is worth the money.The unfortunate truth however is that two often unsophisticated people (and some that should know better) are attracted to slick sales seminars and systematically stripped of any money or credit they can muster to chase a dream they could attain if they had real mentor-ship and guidance.

A co-signer gives you more security, they aren't going to watch a judgement on their credit... but given the nature of the real tenants credit, the chances of having to chase rent payments, potentially do an eviction, and file a judgement are higher.