So, to clear up a couple of things, my mortgage broker said with the FHA loan i am getting i have 60 days to occupy the unit so I was wrong about the 30 days according to my mortgage broker.The seller as informed me that she will pay whatever it takes to get the tenant out but she cant do it her self because of the pending litigation, My agent has physically gone to the property and tried to get a hold of him but he is avoiding everyone like the plague, he has his friends call people back and act like him and feeds everyone a bunch of lies.. so it seems impossible to actually get a hold of this guy and offer him cash. one of the problems with me remaining in my current residence is my mother needs to renovate the place, with new floors, windows paint etc and refuses to do it while anyone is living here, she is desperate to sell and we all expected me to be out months ago, had I known 4 months ago about the supreme court appeal I would have backed out and found another property, I am just in to deep and too late to back out, this property is mine I will close on this property by any means necessary. 

Two started businesses that eventually failed and went back to the corporate world, but that's it.This year, my $33K, invested in mutual funds and ETFs, has remained $33K.

After six months or so, you could move out of your Current house, buy a new house, and then rent out the remaining units in your rental.  

.- The $75k remaining on the house is also just a PP&E item in the balance sheet that gets reduced by depreciation over time.- The $300 of repairs and maintenance should be expensed.- The $500 should be split into 1) Principal ($300), 2) Mortgage Interest ($150), 3) Escrow/Taxes & Insurance ($50).- I assume the $300 of principal would only impact the balance sheet and not the income statement.- I think the Mortgage Interest $150 and Escrow/Taxes & Insurance of $50 would be on the Income Statement as they are expenses that are not capital in nature?

Well one thing is for certain the still water fly fishing is consistent and very good.. as long as that remains I am good. :) And in the day I used to fly myself into CA that was always fun..

The trouble is, by the time you actually get to the date of the sale maybe only one or two of the initial ten remain on the schedule -- and everyone else is bidding on them too.  

If you or another sponsor is lacking in an area, bring in other guys that fill the remaining needs/ requirements for the lender. 

The landlord kept the rent low and the tenants remained wonderful tenants.

You make payments for a couple of years, but then a recession happens and the value of the home is much less than the remaining mortgage, so you opt for foreclosure.

Seems like I've been hearing about this 'shadow' inventory for almost two years now yet it remains a no-show ...