Seems like you are expecting some additional declines, which would be consistent with my expectations for Phoenix. 60% of $50K would be only $30K.

I wonder if by doing that I will cause more harm than good...Ofgift

It seems to me that it keeps property values in an even more depressed state, doing more harm than good to the communities.Maybe I am missing something?

In addition, the property management requires that:1. the deposit be made in money-order or cashier's check (ie, no personal checks accepted)2. the rental agreement be executed near the official move-in date (ie, about 2-3 days prior)Are the two requirements above legitimate?

Let the non profits take on the extras so people help as needed then return to their own lives rather than build a bureaucracy that just feeds off of the system and does more harm than good. in many cases.

In addition, your value is only on paper and not realized unless you sell it; I have not yet found a bank that will give me a LOC out of my foreign real estate equity.

Once the investor has the property it is their choice whether to add it to their portfolio as a rental unit or try to flip the property for a profit.Hope that helped.

After you have lived there for 2 years, you could keep the property as a rental up to 3 additional years and not pay capital gains tax if you decided to sell it.Keep in mind that if this is your first house, you are likely not going to live there forever.

Additionally, unless you have a good bit of REI experience (you don't), lenders aren't going to just hand you a line of credit to "give it a try

Of course, we disclose on the form that we understand additional items may occur due to unforeseen problems such as rotten wood, etc.