I don't expect huge appreciation and I want to invest for the long-term.

:welcome: Hi,The average 30-year FRM and 5/1 ARM both declined by two basis points to close at 6.33% and 6.12% respectively.Though it was expected that inflation could be restrained within acceptable limits in the coming months, levels are still high and are not proceeding along predictable lines.

One poster said yesterday something like expecting 50% of the income to be used up in property management things: the management companies fee, various repairs and maintenances, vacancies, etc, and much of the remaining money will go to mortgage (P&I) and taxes and insurances.

Can your tenants in that house, in that area, be expected to pay more each year?

What can I expect from the lender in this regard or if the lender will allow?

Many people who end up seeking help from churches, other non profits, social service organizations, and consumer rights lawyers have been drawn in and spit out by these so-called 'foreclosure solutions' MLM programs.All too often the promised "soluition" fails to live up to expectations leaving the distressed homeowner in worse shape.... having wasted prescious time and perhaps after spending hundreds of dollars for an otherwise free for the asking service.Do some people benefit from such a one-stop solution shoppe?

What I want do was compare what I have to what others have, and to know if what I have is sufficient or will I run into problems when I actually have to enforce this section of the agreement.Thank You"Tenant(s) agrees to pay all costs, expenses, collection and attorney's fee, as allowed by law, either expected or incurred by Owner/Manager due to any breach or default by the Tenant(s) of any terms of this contract."

Jim,I read your post for how you expect to work with partners.

When you first said Portland I was not sure if you meant ME or OR.I expect I will return to the OR market in a year or two after some other changes.John Corey

ARV lending and other sources of private money are the last frontiers for 100% financing, expect for these sources to take on more relevance as the subprime, high LTV/low doc, investor financing sectors continue to evaporate.