I do have a difference of opinion with regards to taxes and refuse to just eat them and allow them to reduce my investment pool by 20 to 40% at the present time.

They can name a new trustee and if you sell an interest you don't own they can see you at you new digs at the courthouse.Also they are familiar with escrow aren't they, there are independent escrow companies in California that handle such things, try the yellow pages.

I know there are companies out there who handle the transaction coordination for short sales.Who do you use?

However, through the screening process you can greatly reduce the chances that you'll end up with a deadbeat tenant.I can't tell that a tenant won't lose their job, but I can use my judgment to determine the likelihood.

Maybe it is a sign that the market has started to rebound or maybe the law AB 284 Nevada passed last year has temporarily reduced the REO inventory.

Use that money to reduce your basis in duplex or to put into more property.Requires patience, but if you can pick up lots on the cheap in this depressed land market, with rentals that generate cash flow, it will be a great long term play.Leonard

I know that PM's are not always that great, but since this property cash flows so great, maybe you could have a PM handle just this property so you still get great profits but reduced headaches?

Just need some pointers so I handle this situation correctlyI got a call from a lady wanting to sell her house.She thought it was free and clear except for delinquent taxs. $2000She will sign the deed over to me for$100.

I'll soon be getting into renting (~6 mo) and I've been thinking about how to handle tenants not filling the oil tank.

How do you handle tenant washer/dryers.1.