For many years I have been investing (besides doing nursing) and I can easily get 6 to 7( very liquid) percent return on my money without the landlord nightmare.

or..if that doesn't work easily - Pop the trim, and pry (or sawzall) the door out - reinstall a new one.

Reason #9: Long-term mortgages let you create more wealth.Do you merely want to eliminate your debt, or do you want to truly build wealth?

They will be instructed to stick with light pastels, that can be easily painted over, and if I am concerned with the floorcovering I will make that clear, and inspect their work when done for approval.

Banks that hold loans in their own portfolios can easily agree to the freeze on the mortgages that they own.

Being a contractor and an investor myself I can easily see both sides.

I could easily envision hold renting and establishing some cash flow while having someone pay my loan off.

Secondary market will begin at 75% and go down depending on how many loans you have outstanding.Portfolio lenders can go to 80% easily for quality properties and borrowers, they will also increase the down payment required as either aspect slides away from being a quality loan.Rents can be counted after one year with a one year lease, month to month won't fly until you have two years history.If you have a successful RE management history (years in the business) obtaining a portfolio loan along commercial lines the expected rental income can be used to offset payments.The only hard and fast rules are in secondary market loans.

After 3-4 years, it would be difficult for me to return in any serious capacity at all.But, I know some people who could leave their jobs for the next 10 years and then return pretty easily making about the same amount of money.

I know a 20 point range isn't really sticking my neck out there, but our market could easily go in any direction considering all of the government intervention both state (foreclosure rules) and nationally(debt forgiveness).