X actually bought the property but pretty much says Oh well, we got paid, we don't care?

Get them committed to you in their mind and take care of them.

If you are doing fix and flips you have to be careful because when you buy the property the value is X and by the time you fix it up and try to sell it the value is X - Y because of the foreclosures are used as comps.

I just need to be careful what I say in the non-advertising forums!

Credit is a measure of financial trustworthiness, and banks won't loan money to people who they consider to be less than trustworthy with money.Therefore, I would suggest that you do whatever it takes to take care of your credit problem.

Most families receiving this type of assistance stay in the rental for an average of nine years, plus the government sends you a check on the first of every month for full market value rent.† Check your local housing and development authority for opportunities in your area.† Many cities are offering incentives to investors interested in certain neighborhoods so check with your city planner, neighborhood associations, and government agencies in your area to find out what may be available to you.† As with any purchase these days make sure you buy the property at a low enough price that a temporary rent reduction will not eliminate your cash flow.Offer the property for rent for $500 a month more than you actually need and advertise that discounted rent available to qualified renters.† In this case you offer to reduce the rent $500 a month if they agree to take care of any problems with repair costs of $500 or less.

In both flipping and landlording, the money can be great, but if you go in unprepared, you can lose your shirt.Be careful, take your time, and go slow.

Now must be your time to fly full time with it.Take care and see you around!

Dave, It sounds like you are taking care of business...I am thinking about moving to Tampa later this year so I was curious where you lived in FL.

This is great from a cash flow perspective but you are in lower end rentals so tenants must be screened CAREFULLY.