I figure if they move, I will need to have the carpet cleaned plus deal with lost rent and some repairs.

The actual bidding process, they ended up delaying a bid I was set to place in last 30 seconds, so assumed I lost bid.

I do not know any investor that has not lost sleep over this myself included.

The reason I lost money is because the business failed not because the structure was wrong.

I have a rental property that the tenant signed a 1 year lease in August then called me and said they have to move in December cause the husband lost his job.

I can see that in California with many areas going up at a rapid pace the HML lender feels the can't lost if it forecloses they will still make money.In many other states markets are just starting to come back so you have to be much more cautious.

The same issues arise from an insured loss.Liquidity can be an issue, while some little old lady may have agreed to tying up her money, all she needs to do is say she didn't understand, the judge decides there was no meeting of the minds (since she lost hers) and you need to cough up her money before the deal matures.

Hi BP,I have been actively working at networking and building relationshipswith investors (real property & note buyers), lenders, agents, andbuyers for the past year or so and I have been fortunate enough toeven close a few deals along the way YAY!

Then my friend just pushed me in the deep end and I had to figure out how I was going to get out of the situation and fortunately I did.

He was obviously VERY fortunate