Then'd I'd contact the PM to review the legal notice given by the tenant and when to insure that they did give proper notice.

The FDIC insures up to $100k for normal bank accounts.

There are 2 properties each pricedat $45K, there is a 2fam and a 3famLet me know what you think:[/u]Purchase Price: 45,000Appraised value - $80KLot Size:3,630Living Area: 2,160Taxes 899/yrInsurance 700/yrTotal 1,599/yrIncome: $1,100 x 12mos = $13,200/yrNet Income = $13,200 - $1,599 = $11,601 Annual return: $11,601/45,000 = 25% return[b]·Purchase Price: 45,000·Appraised value - $80K·Lot Size: 4,160 sq. feet·Living area 2,654 sq. feet·Taxes 1,594/yr Insurance 700/yr Total 2,294/yr Income: $1,367 x 12mos = $16,404/yr·Net Income = $16,404 - $2,294 = $14,110·Annual return: $14,110/45,000 = 30% return

The only thing that I would do is to insure that the tenant still has heat on for the winter, so that the pipes don't freeze.

This is why many consumers under 80% LTV still pay unrequired mortgage insurance on their loans.....not to be confused with homeowner's insurance.

The mortgage would run around 700mo taxes are 375 mo insurance 100mo fixes 500 mo Cost a month 1675.00 month at the low end the rents would bring in 2450.00 month.

Other companies will follow suit and their role will be to "minimize damages" for their customers....lenders, loan servicers, and private mortgage insurers.

.- Independent Contractor Agreement: This lays out the schedule, terms, insurance requirements, responsibilities, etc.

http://www.fdic.gov/news/news/press/2008/pr08098.htmlMonroe Bank & Trust Acquires All the Deposits of Main Street Bank, Northville, Michigan FOR IMMEDIATE RELEASEOctober 10, 2008 Media Contact:LaJuan Williams-DickersonOffice: [email protected] Main Street Bank, Northville, Michigan, was closed today by the Michigan Office of Financial and Insurance Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named receiver.

Rent is only $950You still have taxes and insurance to pay.How can you refi and pull out any money?