Once you see it on an end cap at Costco... the party is over.  

Not always of course, I have owners that park their RV at the rental and go party with their tenants while in Vegas.

Not always of course, I have owners that park their RV at the rental and go party with their tenants while in Vegas.

Did you just leave a frat party? 

Remember what happened to all those CA, NV, AZ and FL "investors" (i.e. speculators) back in 2006 thinking the party would go on?

I don't know about MD, but in Georgia you have a unilateral 7 day extension on RE contracts (either party can extend for any reason). 

(By having them send their rent payments to me to my office of post office box, curtails the partial payment being sent to me and being accept by a bank or third party). 

The important part is learning from mistakes/situations and not allowing it to happen again (if that's even possible!)

Minor repairs definitely do bite into the bottom line but it is a slightly positive cash flow.I just am tired of treading water - I am not building equity, I am still underwater when I look at comps in the area (I think the place is conservatively worth 350K).I am not real-estate saavy enough to know what my options are.(1) I dont think I can refi cause my LTV is horrible.(2) I cant sell without paying out of pocket(3) I cant short saleAny ideas for an exit strategy?  

I'm being charged 8% but the great part is that 8% is going back to my 401k so essencially I'm my own bank.