There is no value there to cover the second position mortgage except possibly a small amount.The refinancing took place in the middle of March 2013 and I received a call from Nationstar while I was out to dinner one night in May that I had two hours to pay the mortgage.

I am in the middle of a 1br renovation and will report back on what I went with.

What about the middle ground?

A blow up in the Middle East?

I think they'll still feel like they've "lost" because we can't even meet them in the middle and they still have to come down $100K.

$1300 a month rent will get you into a nice middle class neighborhood in my neck of the woods.

If you couldn’t make these payments, you would likely lose your entire investment or more.There’s the middle ground where you just buy two properties and keep some cash available, and so on.The key is to understand the risks of leverage and to decide personally what your risk tolerance is.

if it's too skinny for a rehabber, how can an extra middle man make profit?

I'm having rents below market, because I rather want them full than vacant.They were all bought and renovated within 1-2 years.But it's a labor intensive neighborhood, so it's different than a cushy middle-class neighborhood.So, it all depends on where your risk threshold is

Case in point: I'm in the middle of studying a course manual from The Amsterdam School of Real Estate and books like "What every real estate investor needs to know about cash flow..."