I responded to them in writing that they had three choices, one, continue wiht the process, two, pay me a settlement, or three get sued by me.

Everything we've read says that values here are going to continue to drop about 18% more through 09'.

I have a few questions:1) Who plays closing costs typically in a short sale?

I love doing that and will continue to do it, but I've been interested in real estate investing for many many years and have done lots of reading but was never in a position to actually do it (or at least I thought)... everything else took precedence.

If you are relatively new, I would strongly urge you to attend a number of Sales first, observe which Investors are bidding (they are usually regulars with Cash or Credit-Lines), evaluate the properties that are being advertised and sold, including the figures (numbers), then determine if you are ready to play with the players.

That, amoungst many other things, is why I invest there and will continue to do so.I also agree that pegging an exact figure on repairs or vacancy for a given year is near impossible.

It just lets you play it safe.

I love to spend time with my family, read, research new opportunities on the computer, help others, and play coed softball and volleyball.

As this is my first investment purchase and it would be an out of state investment I would have a property manager continue to run, I would REALLY appreciate any feedback or input!!!!

This is not cost effective as I'll have to hire an attorney.c) let her break the lease, pay me a little $ to get her walk away, change the locks and get a new renter in there.d) let things continue as is not really knowing if this punk is tearing my place up.The choice is lease resistance (i.e., the least financially) seems to be choice B.Any thoughts?