At this point, it's unreasonable that you expect the lender to take the entire loss while you profit from this deal.In fact, not only is it unreasonable, but I'd be willing to bet that the short sale agreements you sign will preclude you from legally regaining possession of the properties short-term.

"Mercy Killing" Redefined: In 1944, I was a student teacher in a small village in the Alps.

Ooops, need to mention the down payment financing alternative....take possession prior to closing and rent, make your down payment under your sale contract, then apply for conventional financing.

You don't want to buy anything that you can't have in your possession (think FDR when the govt confiscated gold).

Maybe I am a better student than I was back then.

We think the time is right to create student housing in some selected university towns.

I tell all my students to use them and have never had an issue.

During my search I recently found a couple of homes within a block of the local major university, The University of Texas at Arlington, student body 30,000+.

I do know that they have an arrest record which includes theft and possession - enough to know I don't want them in my property, but not enough to remove them legally.

Not too much needed to be done to the property, and although this wasn't at the 2% goal for returns, it was in a great area full of young professionals and grad students (not a lot of undergrad students in this particular area) and was specifically purchased for the long haul as a rental.So far I've had to replace one water heater, have a leaking roof repaired due to combination of weather and "critters" (still need replace the drywall from the damaged albeit removed area) replace the sewer stack and 12 feet of pipe ingrown with roots, and now I've realized that at least two of the electrical meters are routed to the wrong unit.