To clarify for folks playing along at home...there now two versions of a Regulation D 506 private placement.

But, it could be something else but it's still a second home.I get the idea, from what's said, that she can terminate here lease due to his orders, so it does sound like she is playing the system.

Last but not least, a bull market in housing brings into play a lot of people that do over pay.

After the mold scenario plays out and the boro's inspection is complete I will follow up with another full inspection from my inspector.

It plays as a decent Buy and Hold at $150/month cash flow and 9% ROI.

I can't imagine being a good agent or investor and not being available for 8 hours everydayI work at work and play the rest of the day.

Before I try to help you with your questions, know that I am not a lawyer, real estate agent, property manager, neurosurgeon, blah blah blah, nor do I play any of those on TV!

Now we mostly play in our back yard.

It will be interesting to see how it plays out.Tom

Hi Steven,You can go after value add but most of those properties transacted in 2009,2010 and many sellers are selling off for yield plays cashing in the forced appreciation.