In the lease, can you reserve the right to sue the tenant for any loss it seems that they have caused, like fire or other damage, something that goes past the amount of the security deposit?

Let's say $2,000 for the rent.Gross rents: $2,000Operating Expenses: $1,000NOI: $1,000Mortgage Payment ($155K, 30 yr, 7%): $1,031Monthly Cash Flow: $31 LOSS This is NOT a good deal.Mike

I used my wifes full time job (since i currently have a full time job in a business that is either limited or non existant there) anyway .....

Lately, my strategy to overcome some of these limitations has been to start working on REI at 4am as I am the most focused anytime before Noon.

We could:1) Cash out our $3,000 index fund and $1,000 in individual stocks, taking a loss (this loss won't help us with taxes, our income is so low we get everything back anyways), and scrounge up loose change for the rest.2) Ask our bank to lower the interest rate on our debit card credit line (currently 9.75%), extend our credit from $1,000 to $5,000 and live off credit this summer until we can take out more student loans in the fall.

In many of the more open areas of the burbs, this is impossible, as many comps do not exist in such a limited time period and such a down market, yet the lenders do not want to hear it.

We are bidding 10K below sales price (it has been on the market for many months).Our agent had several suggestions to get the repair $, including:get 20k commission to realtor and he 1099's it to uspd to mtg broker as discount pt and broker gets it to usfind a lender who will loan based on post-repair valuedo fix&flip loan, refi when repairs are finishedThis will be our first rental purchase, so we are at a loss as to which is the best option.

TX has a state limit of 80% from what I have seen.

Trada's attorney for Texas is bailing on them, Marin, and other defendants.Looks like bankruptcy for Trada VI so that the limited partners will be on the hook for the amount of their investment.Also appears Boise office closing with their furniture being repo'ed.

They have a good book called "You Limited Liability Company" subtitled an operating manual.