This is true Josh but no matter how much we strive to make the world a better place for everyone there will all ways be a Hitler or Stalin!

Now you say that the market is slow in CA (this is so very true), but there is a lot of chances to make money right now.

Again, if that is true, that turns this deal from a positive cash flow of $57 per unit per month to a loss of $48 per unit per month.I would like to hear the opinions of some of those that own or manage condos.

If my prophecy -- and that's obviously all it is -- is true, then purchasing homes in that area within the next few years will prove to be very profitable in the long run (which is my goal), especially if I can score them for a significant amount below FMV.

That is true in my market here in Ohio.

Meaning that the answer may differ between states.The true lawyer answer is: It depends.Typically, if there is a mortgage on a property, then it is Nonrecourse debt which means that the lender can take the property in FULL satisfaction of the debt.Again, typically, if an LLC takes out a mortgage, then the bank usually has a member or all members sign a personal guarantee on the note as well.

Although that’s true, you need to turn that coin over, because there’s another side you have overlooked.

I am changing my television and internet service and it dawned on me that it will cost no more to me to provide tv service and internet(wireless) to them.

I have formulated one, but would like to get one that is tried and true by an experienced investor, not a Realtor form.- Am going to a REI club meeting on Friday - will probably meet people who can advise me.

first off, im not rich...im scraping by actually...i own some rental property and rent out 5 units currently...i also bought and sold 2 multi's a few years ago...i have experience in this market and renting to section 8 tenants...im looking to make another purchase of a 3 unit for CASH FLOW purposes...one property im looking at tomorrow (we'll see how much work/$$ it needs) can be bought for $200K...i can rent out each unit for $1350 and would cash flow about $2000 per month...is this too good to be true?...